And I have a gently used bridge in Brooklyn to sell to you.
The pathetic thing is that the Fed tries to convince us that ITS solvency and balanced sheets are above board.......
Those who don’t get their money outta that country had better be ready to take one between the cheeks.
Yeah, sure it has...
Yeah, sure it has...
Well. I hear they are very heavily invested in the drachma......(EUROS? What are they?)....hahahahaha....
Free money has that effect.....temporarily.
Improving? The government is about to confiscate money in bank accounts, go off the Euro and devalue the currency by 1,000% and the business climate is improving? Ana needs to lay off the booze before she writes these columns.
A 25% decrease in GDP is progress according to the Fed, GREEN SHOOTS!
Greece, Spain and Portugal all have the same problem.
Lots of people hanging out at the local cafe, doing nothing and living off the State.
I don’t see that changing anytime soon.
Greece could use a good dose of Reaganomics. First ditch the EU bureaucracy and business strangling regulations. Second, cut and simplify the tax structure with a simple flat tax. Lastly get rid of all the government programs that suck the life out of the economy. The drachma could become the strongest currency in Europe backed by a soaring economy.