Quote:
Originally Posted by Slava
So let me ask you what you guys would do if you were in charge of Greece at this point? Honestly if it were me I would probably stop the austerity measures, default and take it from there.
I say this because at this point the people who get stung by a Greek default (in terms of real impact here, not shockwaves) are the bankers who lent them the money. Was it silly for Greece to take all that money and expect that they would somehow be able to pay it back? Sure, likely not a brilliant move, but then again the lenders bear some of that responsibility as well. As far as the actual issues that Greece face for defaulting, a lot of that is there already. Might as well leave the Euro, print some cash and begin the healing process.
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I don't know if anyone has the guts to do what has to be done. Most of the Austerity is around cutting the civil service, hacking the bloated pensions and making people work longer.
These are things that I wouldn't even call Austerity, I think they have to be called realistic things that have to done no matter how much people whine and cry about it.
I was reading that two out of 10 people work for the government, if those figures are right that a big problem that they really need to rectify no matter what the cost.
They have a severe tax collection problem I would make sure that I'm tearing after that and collecting for at least the last 10 years.
I would push the retirement age to 67, and I would increase pension deductions on paychecks.
Basically they're a stupidly run banana republic populated by spoiled brats who have had it way beyond good for too long.
So yes, I would continue to push to get spending under control and live up to the bailout conditions.
If Greece defaults on their loans, they are also going to be forced to default on pension payouts and paychecks to their bloated civil services and retirees and other ridiculous payouts.
If they do default they're basically only going to get international loans if they find a international money mart that challenges credit card style interest.
If they do establish their own currency, it will be completely valuless on the international stage which means that the required goods that they bring in that they don't produce will cost a fortune and be unaffordable.
As much as its romantic to say forget Asterity lets stimulate and spend ourselves out of this hole, the issue isn't stimulating their economy anymore, its gutting generations of bad management and terrible policies that have spoiled their own people.
Now on the second day in office after my assasination, what happens.
I think Slava the other question is you wake up this morning in the German Chancellers body, after you spend several hours exploring your new found boobs, what do you do?