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The austerity measures was the only rational thing that Greece did and even then they complained. There's really no out for Greece on this one: their economy s
by hipsterrific 12y ago
The austerity measures was the only rational thing that Greece did and even then they complained.
There's really no out for Greece on this one: their economy seems to be dependent on tourism, they have little to no manufacturing, probably little exports, and imports many of their goods. Greece's economy was never stable to begin with and I do think that they ought to exit the Euro not for Greece's sake but for the Euro's sake.
- peterfirefly 12y agoNo, the "austerity" was very half-hearted and almost exclusively hurt the little people, i.e. those who relied on state pensions, health care, or unemployment benefits. Still, I hope Greece suffers hard and suffers long. Portugal, Italy, Spain, and France need all the encouragement they can get...