goinggreek.info
The Agora => Greek News => Topic started by: Maik on Wednesday, 05 August, 2015 @ 07:54:39
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Greece needs €100bn debt relief as permanent depression looms
National Institute of Economic and Social Research says Greek debt write-off must be much larger than IMF demands, as think-tank warns VAT hikes and budget targets are asphyxiating economy
Greece needs a debt write-down of almost €100bn (£70bn) if the country is to stand a chance of clawing its way out of a “prolonged and severe depression”, according to a leading think-tank.
In a stark analysis, the National Institute of Economic and Social Research (NIESR) laid bare the impact of VAT hikes and strict budget targets that it said could become “self-defeating”.
http://www.telegraph.co.uk/finance/economics/11782965/Greece-needs-100bn-debt-relief-as-perpetual-depression-looms.html
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The only people that disagree are the Krauts.
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Crumbs no! They 100% agree! That's why they won't do it!!!!!
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Seems strange to be saying this now. You would have thought that this was obvious, after Greece was plunged into recession several years ago.
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Shocking. :rant:
Tony
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Over 280,000 people apply for EU-backed food aid in Greece
http://www.ekathimerini.com/200312/article/ekathimerini/news/over-280000-people-apply-for-eu-backed-food-aid-in-greece