Why it’s doomed. And unfortunately we’re on the same glide path to a controlled flight into terrain, unless we turn it around in November.
Greece isn’t doomed, but the old ways are. There will continue to be a country called Greece, but it will be a country that has learned socialism doesn’t work. Did you know they were forced to reduce the minimum wage by 20%?
If true, it looks like the Greek deciders have had one chest xray over the line.
Most countries in Europe just had to do what Iceland did. Let failed banks go bankrupt. As for Greece it has a supposedly heavy state presence in the economy but in reality it is merely a cover for a vast amount of people which simply pay no taxes at all and never did.
Comments are closed.
©2001-2013 Transterrestrial Musings | Powered by WordPress with Easel
| Subscribe: RSS
| Back to Top ↑
Switch to our mobile site