September 27th, 2013
You don't need to be an economist to know this much: The government has racked up $16 trillion in debt — and it has ruined our country.
Overall, the progress that the Greeks are making in stabilizing their public finances and opening up their economy to competition is completely inadequate to the magnitude of the economic problem they are trying to solve. When the financial crisis hit the Baltic states, the Latvian government fired one-third of its civil servants and proceeded with a fiscal contraction of over 11 per cent of GDP in just one year – most of it through spending cuts. In Sweden, following the financial crisis of 1991, public spending as a fraction of GDP fell by 20 percentage points, accompanied by an across the board liberalization of the economy. What is the likelihood of something similar happening in Greece after three years of half-hearted, and largely botched, reforms?
--=http://www.usnews.com/opinion/articles/2013/08/30/greece-shows-the-eurozone-crisis-is-far-from-over
Greece has seen very little progress turning around its economy
Overall, the progress that the Greeks are making in stabilizing their public finances and opening up their economy to competition is completely inadequate to the magnitude of the economic problem they are trying to solve. When the financial crisis hit the Baltic states, the Latvian government fired one-third of its civil servants and proceeded with a fiscal contraction of over 11 per cent of GDP in just one year – most of it through spending cuts. In Sweden, following the financial crisis of 1991, public spending as a fraction of GDP fell by 20 percentage points, accompanied by an across the board liberalization of the economy. What is the likelihood of something similar happening in Greece after three years of half-hearted, and largely botched, reforms?
Greece’s Most Corrupt: Political Parties
4
17
1
168
The
most corrupt institutions in Greece – the most corrupt country in the
European Union according to Transparency International – are the
political parties critics say are running it into ruin..
One of the biggest problems in Greece is the immigration . People are coming from third world countries with no money , no paper , no health papers nothing !!! we have cases of illnesses that are gone since 50 and more years. Why should as (citizens) keep doing nothing ?? what are we waiting for ???
You don't need to be an economist to know this much: The government has racked up $16 trillion in debt — and it has ruined our country.
Overall, the progress that the Greeks are making in stabilizing their public finances and opening up their economy to competition is completely inadequate to the magnitude of the economic problem they are trying to solve. When the financial crisis hit the Baltic states, the Latvian government fired one-third of its civil servants and proceeded with a fiscal contraction of over 11 per cent of GDP in just one year – most of it through spending cuts. In Sweden, following the financial crisis of 1991, public spending as a fraction of GDP fell by 20 percentage points, accompanied by an across the board liberalization of the economy. What is the likelihood of something similar happening in Greece after three years of half-hearted, and largely botched, reforms?
--=http://www.usnews.com/opinion/articles/2013/08/30/greece-shows-the-eurozone-crisis-is-far-from-over
Greece has seen very little progress turning around its economy
Overall, the progress that the Greeks are making in stabilizing their public finances and opening up their economy to competition is completely inadequate to the magnitude of the economic problem they are trying to solve. When the financial crisis hit the Baltic states, the Latvian government fired one-third of its civil servants and proceeded with a fiscal contraction of over 11 per cent of GDP in just one year – most of it through spending cuts. In Sweden, following the financial crisis of 1991, public spending as a fraction of GDP fell by 20 percentage points, accompanied by an across the board liberalization of the economy. What is the likelihood of something similar happening in Greece after three years of half-hearted, and largely botched, reforms?
The
most corrupt institutions in Greece – the most corrupt country in the
European Union according to Transparency International – are the
political parties critics say are running it into ruin..One of the biggest problems in Greece is the immigration . People are coming from third world countries with no money , no paper , no health papers nothing !!! we have cases of illnesses that are gone since 50 and more years. Why should as (citizens) keep doing nothing ?? what are we waiting for ???
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