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This is like a vicious cycle for the Greeks. Think about it. The metric is deficit as a percentage of GDP. So when you cut government spending, you're cutting the denominator. You cut more spending, you cut the denominator further which causes the shrinking of that % to be much more mathematically difficult. It's like going in circles.
The Greeks should tell the World Bank loan sharks and their IMF thugs to go to Hell. So should all the rest of the small countries of the world being sacrificed on the usurers’ greed.
I think that Greece is one of many countries in Europe that will really have strong second thoughts about the continuation of the European Union. A desire among EC nations to create a 'United States of Europe' has been a disaster.
We don't need a United States of Europe. We need the United States to lead Europe. That system worked for four decades. No reason to replace it.
I think that Greece is one of many countries in Europe that will really have strong second thoughts about the continuation of the European Union. A desire among EC nations to create a 'United States of Europe' has been a disaster.
We don't need a United States of Europe. We need the United States to lead Europe. That system worked for four decades. No reason to replace it.
Rubbish. Greece has benefited enormously from the EU and they know it. The EU is a success. The problems today are around the Euro. The Euro and the EU are two different things.
Greece will have a hard time meeting its deficit reduction plans as the underlying economic assumptions were very flawed to begin with. They need to be realists.
In a world where debt is God, Greece needs to borrow more EU's not cut spending. If they ever have to pay it back they should tax the paynment out of the top 5% that made fortunes off the loans and leave the social bennies intact.
The Greeks should tell the World Bank loan sharks and their IMF thugs to go to Hell. So should all the rest of the small countries of the world being sacrificed on the usurers’ greed.
So no personal accountability what so ever, eh? Should people who max out their credit cards and can't make the payments tell the credit card companies to " go to hell?" I honestly do not understand how your brain works.
The Greeks should tell the World Bank loan sharks and their IMF thugs to go to Hell. So should all the rest of the small countries of the world being sacrificed on the usurers’ greed.
Greece should do the above and then get off the Euro.
As long as Greece is on the Euro it's economy will be depressed. With their own currency, that can be devalued, they can become competitive in Europe and their unemployment situation will improve.
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