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Who is proposing massive stimulus for Greece? Obviously they can't do it themselves because their credit rating is shot and they don't have the resources to do
by aptwebapps 14y ago
Who is proposing massive stimulus for Greece? Obviously they can't do it themselves because their credit rating is shot and they don't have the resources to do it without borrowing hugely. That doesn't mean their economy could not have been helped by stimulus, just that it wasn't feasible. It also certainly doesn't mean that austerity was the answer.
You're correct about inflation but unfortunately their in the Euro so they either have to leave it or suffer a very long and painful internal deflation.