haha i bought few greece produced kiwi yesterday, i hope it will boost their economy
actually the situation seems to be very bad, especially when people and opposition are only worstening the whole thing, they dont understand that when the Greece will default and will be out of EU, return to drachma which will be very weak, own closed import-oriented noncompetitive economy, zero new foreign investments, imported inflation, recession --> higher prices and lower salaries, its still a lot better to shut up now..
anyway i dont think this situation can be solved, there is no way to do that, with such recession there and with another austerity their debt to GDP % will not be any better when ur GDP shrink
its easy to be wise after the fact, but if two years ago EU let them default and fire them from union and only rather pumped money to the banking system, enter with capital into most exposed banks, cleared the balance sheets, there would be the storm definitely but i think that it would cause much less problems than now, at all we can look at USA, they actually did with their banks the same and it looks like that worked good
actually the situation seems to be very bad, especially when people and opposition are only worstening the whole thing, they dont understand that when the Greece will default and will be out of EU, return to drachma which will be very weak, own closed import-oriented noncompetitive economy, zero new foreign investments, imported inflation, recession --> higher prices and lower salaries, its still a lot better to shut up now..
anyway i dont think this situation can be solved, there is no way to do that, with such recession there and with another austerity their debt to GDP % will not be any better when ur GDP shrink
its easy to be wise after the fact, but if two years ago EU let them default and fire them from union and only rather pumped money to the banking system, enter with capital into most exposed banks, cleared the balance sheets, there would be the storm definitely but i think that it would cause much less problems than now, at all we can look at USA, they actually did with their banks the same and it looks like that worked good