New Greek government already making good on its anti-austerity promises
invite response
2015 Jan 29, 4:24am 37,615 views 101 comments
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Heraclitusstudent
2015 Feb 2, 12:58pm
As discussed on another thread, "Lucky" or "Hard Working" countries like Germany got all kinds of deals the Greeks never got.
[Shrug] You can debate endlessly about who had it tougher in the past.
To God, all things are good.
I would also remind that in the 2000's Germany took tough steps to moderate wage growth and improve its competitiveness, and was considered "the sick man of Europe", while other countries were spending debt money and having it easy. So there is a time for others to adjust.
Also remember Greece is getting help amounting to a Marshall plan. It already had a good chunk of its debt cancelled. It's not like other countries are just killing Greece. They are also helping it.
indigenous
2015 Feb 2, 1:04pm
What Heraclitusstudent fails to realize is the culture is not the problem.
With a current account surplus some other country has a deficit to balance the trade.
If Greece agrees to take loans from Germany or Goldman or whoever they are forced to be the deficit country.
The only real solution if for them to simply quit taking the cheap money.
But to not think Germany is not complicit in this is absurd.
Heraclitusstudent
2015 Feb 2, 2:17pm
If Greece agrees to take loans from Germany or Goldman or whoever they are forced to be the deficit country.
The loans are balancing what remains of the deficit after the Greek are forced to take tough actions toward re-balancing and cutting the deficit.
Saying they are "forced to run a deficit" fails to describe the reality.
indigenous
2015 Feb 2, 2:35pm
Saying they are "forced to run a deficit" fails to describe the reality.
OK they were seduced, like Rin is seduced by his partners.
Well that proves beyond the shadow of a doubt you have no idea of any kind what keynes ideas were.
Bullshit, the practical reality is exactly what I said.
I have not read general theory, but that does not mean I can not empirically see the affects Krugman has on the US economy and the Japanese economy.
If you don't know what his ideas are then how in the world do you know his ideas are being implemented? Do you actually read what you write. What does krugman have to do with it?
indigenous
2015 Feb 2, 6:41pm
If you don't know what his ideas are then how in the world do you know his ideas are being implemented? Do you actually read what you write. What does krugman have to do with it?
I just listen to what Krugman says, a self described Keynesian, he is the master mind behind Abenomics. Krugman has everthing to do with it, how can you not know that?
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As promised, the new Prime Minister, Alexis Tsipras and his SYRIZA government are rolling back fees, raising the minimum wage, re-hiring some of the public workers who were laid-off by the previous administration and officially announcing other changes and reforms to come.
At what can only be called lightening speed, many of the the so-called “reforms” put in place by the former Prime Minister, Antonis Samaras, imposed on Greece by the EU lenders, the Troika, are quickly being repealed or reversed as the new government coalition starts to make good on its election campaign promises to back away from “austerity”.
http://www.globaldeflationnews.com/new-greek-government-already-making-good-on-its-anti-austerity-promises/