Greece Without Illusions | Forex Factory

  • Greece Without Illusions

    From project-syndicate.org

    “The costliest minor government reshuffle in Greece’s history.” That is at least one way to describe the result of the Greek general election on September 20. Indeed, with few exceptions, the same ministers have returned to the same offices as part of an administration backed by the same odd pair of parties (the left-wing Syriza and the smaller right-wing Independent Greeks), which received only a slightly lower share of the vote than the previous administration. But the appearance of continuity is misleading. While the percentage of voters backing the government is relatively unchanged, 1.6 million of the 6.1 ... (full story)

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michaelpelly
Oct 5, 2015 10:42pm
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Shortly said - Greece has no economy to sustain that comfort and level of social standard.

It's like those stupid people that sell theirs parents house - buy a luxury car, get into expensive stuff so they ridiculously believe they got "rich" - and once the piled money are gone they need to hard land on the reality.

Except now this happens with a country. EU was stupid enough to pour in hundreds of billions for 30 yrs. Now trying to save this lost investment will cost even more.
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SickOfScam
Oct 6, 2015 1:25am — Edited
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That is why we have Draghi, the guy will sell € for 0.8 $, and the EU will introduce a new currency - LIRA. No, EU is not stupid, they know exactly what are they doing ....
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