In 2013, new forecasts guess that the Greek economy will shrink by 4.5%, with a budget deficit of 5.4%. Unemployment already stands at a depression-like 25%November 1st, 2012 | Greg Canavan+ | 0 comments | Continued
All Posts Tagged With: "Greek economy"
When it comes to the Greek crisis even the Greeks are confused about what defaults and devaluations would amount to. It’s very difficult to know whether their belief in endless German bailouts without having to implement the required austerity is incredibly clever or delusional.May 30th, 2012 | Nick Hubble+ | 5 comments | Continued
The Greek debt deal isn’t worth the paper it’s printed on. A leaked memo prepared for Europe’s finance ministers – BEFORE the deal passed – revealed that the austerity measures could make Greece’s debt-to-GDP blow out to 160% by 2020, instead of reducing it.February 22nd, 2012 | Dan Denning+ | 5 comments | Continued
What’s going on in Europe has nothing to do with solving the Greek debt crisis and everything to do with preserving a corrupt system based on limitless debt and growing government power. The sooner you understand that the sooner you’ll be able to prepare for what happens next.February 21st, 2012 | Dan Denning+ | 12 comments | Continued
After days of “tense negotiations,” the ECB and the Greek leadership finally hammered out a deal to save the troubled nation from default. The folks on Wall Street were riotously happy; the Greeks were merely rioting…and it is not difficult to see why.February 20th, 2012 | Eric J. Fry+ | 1 comment | Continued
And the Greek debt story nears its conclusion… the Germans agree to bail out the country… at least for a while… and the Greeks agree to act more like Germans… at least while everyone is looking… But now everybody agrees that the farce has gone on long enough.February 17th, 2012 | Bill Bonner+ | 2 comments | Continued