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Dude living in Switzerland here. Could you elaborate more on the structural similarity to Greece? Yes, Switzerland has tourism but - unlike Greece - I doubt t

by s3nnyy 11y ago

Dude living in Switzerland here. Could you elaborate more on the structural similarity to Greece? Yes, Switzerland has tourism but - unlike Greece - I doubt that they depend on it. Also, watches and cheese are only the tip of the iceberg. Switzerland's wealth probably derives from mega-banks like UBS and the not well-known, but enormous industrial sector (e.g., Nestlé, Novartis, Roche, ABB). Before I moved here, I thought Switzerland is only about cheese and chocolate, but it really is an oasis of wealth unparalleled in Europe due to various reasons; here is my medium blog post about how it is living and working here: https://medium.com/@iwaninzurich/eight-reasons-why-i-moved-to-switzerland-to-work-in-it-c7ac18af4f90 https://medium.com/@iwaninzurich/eight-reasons-why-i-moved-t....

argumentum 11y ago
For sure, Switzerland is an amazing wealth-generator. In addition to all you mentioned, it also exports great tennis players, my personal favorite Swiss product :) I meant that it is a strategically situated, naturally beautiful, culturally strong state of about 10 million people. Greece shares all of these traits, and can build up industries like Switzerland has if it has a more independent state and implements Swiss-like policies. They won't be the exact same industries .. they both attractiveness for tourists, but people come to Switzerland to ski and trek, and go to Greece to sail and relax on the beach. Similarly Switzerland might make drugs, chocolate and watches, while Greece excels in shipping & shipbuilding. Certainly Switzerland is far ahead of where Greece is now. But it's proof that a similar state can become a economic powerhouse without the Euro. With a devalued currency, in addition to boosting existing industries, Greece will become an attractive place for foreign multinationals to setup factories, so it can grow new industries from scratch as well.

by s3nnyy 11y ago

argumentum 11y ago

For sure, Switzerland is an amazing wealth-generator. In addition to all you mentioned, it also exports great tennis players, my personal favorite Swiss product :) I meant that it is a strategically situated, naturally beautiful, culturally strong state of about 10 million people. Greece shares all of these traits, and can build up industries like Switzerland has if it has a more independent state and implements Swiss-like policies. They won't be the exact same industries .. they both attractiveness for tourists, but people come to Switzerland to ski and trek, and go to Greece to sail and relax on the beach. Similarly Switzerland might make drugs, chocolate and watches, while Greece excels in shipping & shipbuilding. Certainly Switzerland is far ahead of where Greece is now. But it's proof that a similar state can become a economic powerhouse without the Euro. With a devalued currency, in addition to boosting existing industries, Greece will become an attractive place for foreign multinationals to setup factories, so it can grow new industries from scratch as well.