ingemann
YaBB God
Posts: 4,369
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« on: September 03, 2012, 08:27:06 AM » |
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(to Beet) and what's your point? Send more money to Greece?
Yes more or less everyone know this is a crisis based on the Euro's structure and it should be changed. But adopting Eurobonds may save South Europe in the short term, but at the cost of several North European countries risking collapse. Collapsing the Euro could be another solution, I wish you all luck with the Depression which would follow.
Beside that I find the graph irrelevant, yes Germany, Scandinavia and Benelux do better and have higher government spending, at the same time, they have less protection of workers against firing, low corruption and superior infrastructure. So they do better because they have a higher competitiveness against South Europe. As if you look at the reforms the north tries to press down over south, they are more or less attempt to make South Europe more competitive, and sadly some of the easiest way to do that is lower wages and less worker protection. Would it be preferable if South Europe became less corrupt rather than forcing lower wages and less worker protection (against firing); of course but that's something which is a almost impossible to change from the outside, even through EU have started to do something, like cutting off the money transfer to regions which can't prove how they have used the money. But one thing I can tell you the solutions to all this is not to throw money after the Greeks as long as they have as much corruption as they have now.
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