I remember Greece with the drachma. There were small businesses everywhere. The average Greek had work and money to spend on the service economy. Luxury items were hard to come by. One TV, one stereo, one car per family, but so what. Nobody stayed in, there was nightlife. Everyone took their evening meals out. The common Greek's business did so well, they built houses for their families with the money. With a parallel currency, who knows, they may still be valued in Euros. Since the financial crash of 2008, only one nation has made any sort of true recovery and that is tiny Iceland. A nation that would not be bullied by either its banking sector, or, by the bought and paid for governments of other nations such as Britain, and Holland.
In fact so successful has their recovery been, that the ratings agency Fitch was forced to release this this statement. "The Icelandic response to the crisis, although unorthodox, is the only one which has so far succeeded" - https://www.youtube.com/watch?...
'Unorthodox' my backside. They merely had the nads required in order to go against the bully boy bankers and their many minions. Just as the Greeks are now also about to do.
No comments:
Post a Comment