2 ms·
> And exactly the same poison was forced before by the throat of Spain, Portugal... Yes, but neither country had a -25% GDP cut since 2009, 30% of it's busines
by atmosx 11y ago
> And exactly the same poison was forced before by the throat of Spain, Portugal...
Yes, but neither country had a -25% GDP cut since 2009, 30% of it's business closed, 27% unemployment (60% youth unemployment), -40% salary cuts, -50% pension cuts, 100% increase in poverty since 2009 (60% increase since 2009 in child poverty), 250% increase in households without electricity, 250.000 emigrants (most of them highly educated), the richest 10% in Greece owned 56% of total wealth in 2014[1].
Greece is almost like it was after WWII. Never in history a country received such a strong cut in such a short amount of time.
While all this happened the debt to GDP ratio went from 120% to 180%...
I've heard Merkel saying time and again that Ireland, Portugal and Spain did 'well' and now everything is fine and they're back for good! That's absolutely not the feeling I'm getting talking to Portuguese, Spaniards or Irish people. They have the exact opposite feeling: Austerity doesn't work.
[1] http://www.keeptalkinggreece.com/2015/02/18/greek-humanitarian-crisis-in-numbers/ http://www.keeptalkinggreece.com/2015/02/18/greek-humanitari...