Greek Government officials keep saying to the people that the new austerity measures are here to save them, and that they are harsh because they had to tell something to the IMF and where possible will be corrected!!!
Who is fooling who? Those measures are taken to delay bankruptcy and to give time to foreign banks to prepare. Not for Greece's benefit.
What this "socialist" government has done is weaken the private sector to a point where it cannot take the burden of those measures and of course cannot absorb the public sector unemployed.
Cost of the public sector is being reduced, but only after the private sector's production was reduced thus making this not a correction to what was happening until 2009 as the government says, but what it did in the last 2 years. We are back where we started, only now we owe more money (+20%) and have a smaller GNP by 10%.
I am sure that the upcoming haircut of 50% (I estimate within the next 12 months) will be viewed by this government as a success, but if GNP is 20% smaller by then and we still have a deficit how is this better? We will be in the same position within a decade...
Who is fooling who? Those measures are taken to delay bankruptcy and to give time to foreign banks to prepare. Not for Greece's benefit.
What this "socialist" government has done is weaken the private sector to a point where it cannot take the burden of those measures and of course cannot absorb the public sector unemployed.
Cost of the public sector is being reduced, but only after the private sector's production was reduced thus making this not a correction to what was happening until 2009 as the government says, but what it did in the last 2 years. We are back where we started, only now we owe more money (+20%) and have a smaller GNP by 10%.
I am sure that the upcoming haircut of 50% (I estimate within the next 12 months) will be viewed by this government as a success, but if GNP is 20% smaller by then and we still have a deficit how is this better? We will be in the same position within a decade...
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