Just a tidbit to keep in mind as we watch their situation unfold:
http://www.athensnews.gr/portal/11/53291
20% unemployment is depression territory.
And the “austerity” cuts the government has to make to fund the next tranche of bailout will only make that number worse, given the number of government employees they have to cut.
Well from these posts here and the info I’ve read about Greece...any money coming from the EU is simply shuttled back to ‘foreign’ banks and investors leaving little to address the home problems. So this is simply a prop up to keep the revenues ‘out’ of Greece to others...Sarkosy would be in serious trouble should Greece fall.
Interesting that in the agreement Greece is forbidden from stopping any arms deals with France and Germany.
No matter which way one looks at this the Government corruption, long time inplace and handed down to the next “crook”.......there is no fix to Greece apart from leaving the EU and let the chips fall where they may, then start over. Not so sure the people have the will for that but many are calling for just that.