Russia launches "Aid to Greece" project
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Alexander Barrett50 said:All they did was swap one leader for a dictator.
And the debt is still astronomical. If you want an example of how this Greek debt actually started... http://www.poslovnipuls.com/2012/03/...n-sachs-grcka/
So now tell me, are Greek workers and their supposed "natural laziness" really to blame for a 600 million EUR debt being racked up in a single day?
Right, because obviously it's someone else's fault! If anyone tried cutting pay or benefits, people would be out in the streets demanding cash from politicians immediately. The only way those politicians could get funds was by taking out loans. First, they got standard interest rates, but then—just like in real life—once the big banks stop lending because you're too deep in the hole, you end up turning to loan sharks. I mean, if an American rail worker heard his monthly salary was getting slashed from $9,000, he'd be on strike before he could even finish his coffee!
The only way to stop the chaos in Greece was to bring in a total dictator who could slash spending ruthlessly without worrying about losing an election.
Honestly, looking at the mess he inherited and what he's doing now, he's actually killing it. Greece will pay back some of it, but most creditors will probably just write off the rest.
Still, these austerity measures are huge for keeping society running. Nobody wants to buy bonds from Greek scammers anymore, and they've gotta pay pensions and salaries somehow!