No. of Recommendations: 5
After two and half years’ Greece remains a problem and it is hard to see the Eurozone remaining patient with Greece when its problems seem never-ending.

Well, of course it's a never ending problem. Greece has been in a depression for over a year, exacerbated by yet more austerity. It's a downward spiral.

The cuts the government makes results in people being laid off. Since the newly unemployed don't have any income, the tax receipts go down. I believe I saw an unemployment statistic for the 18-29 year olds experiencing a 53% unemployment rate. No tax revenue there, either. The rich, who have Swiss bank accounts, aren't paying taxes, either.

I have no idea why the "troika" expects it to work by calling for more austerity, one more time. It's worked so well every time they tried it...

It'd be really nice if they tried another approach. About anything has a better chance than more austerity.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.