Here we go again with this hokum. Greece isn’t going to change and the EU won’t do anything about it except throw more money at them.
The Greek debt cannot and thus will not be paid.
The whole world needs a giant debt jubilee IMO.
Tax hikes and budget cuts is the wrong approach. They need to cut tax rates, fix their infrastructure (which I am reading is pretty poor) and move away from the welfare state because that incentivises people against working.
Corruption seems to be a BIG problem in Greece. That is almost like a major tax on the economy (imagine if Hillary got in and everything in the economy was based on pay for play!). They will need to ‘drain the swamp’ and debureaucratize. Simply cutting the bureaucracy and not changing the culture won’t work. You just end up with poorer bureaucrats
Who put the krauts in charge? Shouldn’t these opinions come from Brussels? And Germany never repaid the forced loans it demanded from the Greek government in WWII. Tell em to take a hike.
Down the road, places like Greece will be the only ones left in the EU....then who they gonna call-—Cost Busters!
Gee, that’s terrible...After you leeches fed off their corpse...
What about the entire Greek islands that have become holding tanks for muslim migrants? Who is paying for that?
The EU is shrinking as pieces break off.
The EU is in a death spiral.