Quote:
Originally Posted by CaptainCrunch
I guess that's where I'm going. $4 billion dollars worth of cuts at this point is literally nothing when you need 130 billion for a short term bailout.
The people are going to have to bear the brunt of the government trying to fix its systems.
Its not like Greece has a massive military or massive infrastructure projects that you can cut to the bone.
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I don't think the $ 130B is for the government is it? I think the austerity measures are to force introspection in the entitlements in order to change fundamentals, not to ensure a balanced budget. Greece has an absolutely massive public employee workforce to pare down. Something like 150000 are to be let go in a country of 11 our so million. Ouch
Edit: 40 percent of economic output is from the public sector. If that is sustainable, I'm dating all 3 party girls from the cool/funny pictures thread. This is why the people are so upset. The only way forward is for them to find a new job, but the lack of attention to real job growth means there aren't any to be had