Greeks will have to sacrifice for 5-10 years to get back. Greeks will probably reject the deal from Germany on Austerity measures this coming Monday. Greece has a very large federal government almost 10% of the population works for the government. Guaranteed employment for life. The deficit has exploded and out of control spending, and the infighting is huge over a package. The idea that the Greeks will honor an austerity agreement to get the German money seems like a clash in values. http://watch.bnn.ca/clip265880#clip265880 Ashraf Laidi nails it on the head. 53 billion Euros in short term debt will set up the next round of assistance to Portugal and Spain.
Forex trading - live day trading course and currency trade room.
Add/subscribe
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment