Another socialist success story.
Thanks like $5 bucks worth of decline.
Time for Greece to withdraw from the Euro and bring back their currency and devalue it. Their economy would begin a recovery within two years.
Look at what Greece can produce (natural resources) as compared to what the U.S.A. can produce. A country’s potential wealth depends on whether or not it has much in the way of natural resources (oil, metals, arable land, etc.). Greece will be an austere nation sooner or later. Sooner or later, when we have new leadership in business, academia and politics, the U.S.A. will be quite prosperous again.
Greek Economy Shrinks 20 Quarters In A Row So Far
It’s Socialism???... after all.. WHAT COULD GO WRONG!...
FREE LUNCHES are getting pretty expensive..
I know.. this post does not translate into Greek well..
or UKEnglish, French, German, Chinese or Russian..
Kind of like us.
But since GDP is a nonsensical number designed by Keynesian numbskulls who think government spending contributes to economic growth, then what could you expect?
Now, it's true that the Greeks are undergoing serious economic pain, but starving the government beast is the only way they can hope to grow again.