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Destroying the economy is the worst thing for Greek bond holders. However I don't know if real damage is being done. Greece has import agriculture and tourist
by artsrc 15y ago
Destroying the economy is the worst thing for Greek bond holders.
However I don't know if real damage is being done. Greece has import agriculture and tourist industries. Are the fields being left untendered? Is are there hotels being left half constructed?
I agree that unemployment is waste of human capital.
Perhaps the government should have just halved all there employees wages rather than laying them off?
- gaius 15y agoare there hotels being left half constructed? Yes, but this is normal for Greece; leave your building unfinished, even if only cosmetically, and you pay no tax on it. A desperately needed tweak to the law is to start taxing buildings when they are actually used.