Given the depth of the EU-induced depression in Greece, and the huge strain this has put on Greek society, it is remarkable how calm and peaceful Greece is. It remains one of the safest countries in the world, and visitors can expect a warm welcome.Forget the pictures you have seen of supermarkets with empty shelves. That is simply not correct. The supermarkets are as well stocked as ever, and the restaurants just as capable of serving good food. True, it is inconvenient not to be able to use credit cards in some places, but foreigners can take, I think, up to 600 euro a day from cash machines and if you bring enough cash, you can get really good bargains, as trades people here will give significant discounts for cash ... EU-induced depression? Give me break, Tom! How can you possibly believe such nonsense? The Troika is a huge mitigating factor, they didn't 'induce' any depression at all. If it weren't for the billions upon billions in aid, the depression in Greece would be far worse. For example, in 2010, without aid, the Greeks would have had to cut their budget deficit of 10% of GDP in one stroke. You could argue that the Troika should have given even more money, and you could argue that the Troika's bailout conditions were too harsh, but you can't argue that the Troika induced the depression in Greece. That's just BS ... The Troika was imposed as part of an EU coup to ensure compliance with a bailout of the euro and French and German banks disguised as a bailout of Greece, and to impose the most bone-headedly stupid and punitive austerity measures imaginable. By forcing yet more debt on a country drowning in debt, and imposing the measures it did, the Troika ensured that the Greek economy shrank by more than the US did in the Great Depression - thus making its debt problem even worse. Even the IMF has been forced to admit the truth and is currently blaming the EU for the mess, but at the time it culpably ignored protests from non-European members that the Troika's measures were destroying Greece. So yes - EU-induced depression is a very accurate term.
Access Investments-Building Awareness - European Union-ROMANIA
Saturday, August 1, 2015
Given the depth of the EU-induced depression in Greece, and the huge strain this has put on Greek society, it is remarkable how calm and peaceful Greece is. It remains one of the safest countries in the world, and visitors can expect a warm welcome.Forget the pictures you have seen of supermarkets with empty shelves. That is simply not correct. The supermarkets are as well stocked as ever, and the restaurants just as capable of serving good food. True, it is inconvenient not to be able to use credit cards in some places, but foreigners can take, I think, up to 600 euro a day from cash machines and if you bring enough cash, you can get really good bargains, as trades people here will give significant discounts for cash ... EU-induced depression? Give me break, Tom! How can you possibly believe such nonsense? The Troika is a huge mitigating factor, they didn't 'induce' any depression at all. If it weren't for the billions upon billions in aid, the depression in Greece would be far worse. For example, in 2010, without aid, the Greeks would have had to cut their budget deficit of 10% of GDP in one stroke. You could argue that the Troika should have given even more money, and you could argue that the Troika's bailout conditions were too harsh, but you can't argue that the Troika induced the depression in Greece. That's just BS ... The Troika was imposed as part of an EU coup to ensure compliance with a bailout of the euro and French and German banks disguised as a bailout of Greece, and to impose the most bone-headedly stupid and punitive austerity measures imaginable. By forcing yet more debt on a country drowning in debt, and imposing the measures it did, the Troika ensured that the Greek economy shrank by more than the US did in the Great Depression - thus making its debt problem even worse. Even the IMF has been forced to admit the truth and is currently blaming the EU for the mess, but at the time it culpably ignored protests from non-European members that the Troika's measures were destroying Greece. So yes - EU-induced depression is a very accurate term.
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