Telegraph: Reports that the Greek PM Lucas Papademos has in essence stated that Greece is a vote away from destruction if the Greek Parliament does not pass his EU demanded austerity plan. If the plan got Greece back on its feet then this would blog would have no problem with it, but it does nothing of the kind, Greece will still be in debt, the Greek economy will further retract, thus more government spending on welfare, thus more money needed from the Troika, thus the EU/IMF/ECB will get more annoyed with Greece, and will demand more cuts, yes you get the idea folks. This is austerity plan to nowhere, just more suffering for the Greek people.
Sunday, February 12, 2012
The Destruction of Greece ?
Telegraph: Reports that the Greek PM Lucas Papademos has in essence stated that Greece is a vote away from destruction if the Greek Parliament does not pass his EU demanded austerity plan. If the plan got Greece back on its feet then this would blog would have no problem with it, but it does nothing of the kind, Greece will still be in debt, the Greek economy will further retract, thus more government spending on welfare, thus more money needed from the Troika, thus the EU/IMF/ECB will get more annoyed with Greece, and will demand more cuts, yes you get the idea folks. This is austerity plan to nowhere, just more suffering for the Greek people.
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