In times of economic difficulties, the lessons nations learn matter as to how quickly they eventually recover. Greece may be groaning under the burdens of austerity measures, it quickly needs to realize that it is an inevitable pain to be endured. To sink into debt which amount to as much as 160% of GDP is hardly a situation that happens within an instant; it usually entails a deliberate, ignoring of harsh repercussions waiting in the nearest future.
The trepidations and anger of its citizens are understandable, but the indirect point of the troika - the European Commission, European Central Bank and International Monetary Fund – is a position the Greek economy is unable to maneuver from; it is impossible to live above your means without having to somehow pay for it. Perhaps the excessively euro-centric politicians are to blame, in selling a vision of prosperous unity across the entire… Continue reading →
