Rantings and tirades of a frustrated economist.
Cappie, he's 37! He's your Euro-twin!
Yeah - it isn't as though the former government of Greece (or of France, for that matter) wanted austerity. They didn't. They pretty much knew what would happen. But it had reached the point that, whether they were to be defeated or not, they didn't want to go down as the people who sank their countries.NO MONEY = NO MONEY, no matter what your political stripe is. Only the US can abuse the status of the dollar as the world's reserve currency by printing trillions of them. What these new people will be saying after lengthy discussions with their civil servants will be interesting to see.A few increases in tax, a few millionaires driven away, a few companies nationalized, and then the new hands will likely continue as the old ones did.
Hehehe. Cap's Evil doppelganger.They may not agree to austerity, but I have a feeling that austerity dont care about no stinkin' agreement. One way or another austerity will hit them.
One sentence and one sentence along describes the dysfunction of this mans thinking."And he said he felt the financial sector should come under the control of the government."This same government is so backwards and inept that they cannot even adequetly track their own internal spending. I Greece economic and fiscal malaise couldn't be the result that their nation ranks 119th could it?http://www.heritage.org/index/country/greece
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