.
They may be throwing bad money after worse money, but the European Union has pledged 40 billion Euros (with the IMF expected to kick in 20 billion more) to stabilize the Greek government:
While an impressive sum, one wonders what good it will do unless Greece reforms it's government and economy so that what caused the crisis in the first place will be fixed.
Don't hold your breath. Greek government unions will fiercely resist any effort to reduce their number or perks which means that all other unions will probably resist as well.
Prediction; in 3 years, Greece will be back for more.
READ MORE
No comments:
Post a Comment