4 ms·
I understand your position, and the Greeks are truly in a hole that they have dug themselves, but do you think that this latest package would have helped them?
by Kapura 11y ago
I understand your position, and the Greeks are truly in a hole that they have dug themselves, but do you think that this latest package would have helped them?
It seems to me, as an outsider, that the political problems and ESPECIALLY the tax collection problems need to be addressed for any permanent change. Perhaps rather than austerity measures, the EU should have targeted the Greek public directly and tied the bailout funds to the citizens willingness to fund their own government.
- return0 11y agoHow could that be possible? If foreign countries interfere with local tax collection then its a much bigger breach of sovereignity. The Eurozone is not a federal country. The lenders thus set monetary targets.
- TheCondor 11y agoWith that much debt is there a way to help them? It's going to be painful regardless. The tax and corruption situation is an interesting one, it's not particularly new there. Who'd have ever guessed that a country with nearly 50% tax evasion might reneg on some debts? It's really bad when the local banks just factor that in when handing out loans. It's become part of the culture. I don't know how you fix that. I wish the Greek people the best though, it's a beautiful place