Guardian Live - Euro: Reports more bad news out of Greece, the article states the following, “ The IMF update has just been released and it has slashed its forecasts for growth .. ”, in fact Greece is going downhill. The question has to be asked folks, how much austerity can Greece take before its time to switch off the life support. The tough austerity package out of the troika of the EU/IMF/ECB has pushed growth in to negative balance. The cuts in the public sector will push up welfare, the tax hikes on Country that is corrupt will take years to be effective. Sooner or later, and later if the EU is the standard a Greek politician will say NO, time for Greece to take control of its own future, default on its debts, return to its native currency, and rebuild the Greek economy, its for modern Greece to find its classic Greek soul.
Tuesday, December 13, 2011
Greece and the Euro
Guardian Live - Euro: Reports more bad news out of Greece, the article states the following, “ The IMF update has just been released and it has slashed its forecasts for growth .. ”, in fact Greece is going downhill. The question has to be asked folks, how much austerity can Greece take before its time to switch off the life support. The tough austerity package out of the troika of the EU/IMF/ECB has pushed growth in to negative balance. The cuts in the public sector will push up welfare, the tax hikes on Country that is corrupt will take years to be effective. Sooner or later, and later if the EU is the standard a Greek politician will say NO, time for Greece to take control of its own future, default on its debts, return to its native currency, and rebuild the Greek economy, its for modern Greece to find its classic Greek soul.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment