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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-10-10 03:44 PM
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Greece Economy
 
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Posted on YouTube: February 10, 2010
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Posted on DU: February 10, 2010
By DU Member: Joanne98
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Athens is trying to stave off bankruptcy with a series of new cuts, these cuts have sparked protests in the streets of Greece.
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HeresyLives Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-10-10 03:49 PM
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1. Well the Greek govt doesn't have much choice.
Bankruptcy would be a helluva lot worse.
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salib Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-10-10 05:27 PM
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3. They could simply raise taxes
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Lorien Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-10-10 04:53 PM
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2. It appears that the greed of the banksters has the power to undo the world economy
or at least, much of the world. When will governments force them to pay instead of continually hitting the people with the bill?
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-10-10 07:58 PM
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4. Spending cuts sound great -- in the abstract.
But wait until they hit people's lives. Support for them will erode very, very quickly.

Remember what happened in Argentina some years ago -- and in many other countries.

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