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That's besides the point. Even if Greece would have all its debt cancelled (hypothetically), no one would trust it with more money. Debt is about trust, and aft
by ricw 11y ago
That's besides the point. Even if Greece would have all its debt cancelled (hypothetically), no one would trust it with more money. Debt is about trust, and after five wasted years of crisis and not delivering on its promises there is seemingly none left for Greece.
- aptwebapps 11y agoFive wasted years indeed. The austerity imposed on the Greeks has left them with a greater deficit than when they began.
- ricw 11y agoIt's actually not only austerity. It's reforming their economy that they haven't delivered on, unlike all other euro countries that needed bailing out. 8% of Greece's population still works for the state. I don't blame other EU states to not take Greece seriously anymore, particularly as everyone seems to forget that 50% debt cancellation that happened in 2011. All in all a lack of fiscal responsibility and incompetent governments that let down their European partners for the last five years..
- ars 11y ago> 8% of Greece's population still works for the state What's the figure for other EU states?
- kiiski 11y agoI'm not sure what that 8% includes (municipal/city workers? military? police?), but in Finland the government claims on their website to employ 79 000 people (~1.5%). No idea if the numbers are comparable.