Lake Erie Conservative

thoughtful discussion(s) about issue(s)

… Greece is in Big Trouble [#economics]…

Posted by paulfromwloh on Friday,June 17th,2016

.. the policies that its new government [the ultra left party , Syriza , and its coalition] want to enact involve a great deal of involvement in the state and the state sector . Those are policies that Europe is trying to move away from . The choices that Greece makes will affect it for years to come …

.. [h/t — Bloomberg.com]..
.. [link] to the news report ..

.. it is pretty obvious that Europe will not tolerate nor finance Greece ‘ s new policy choices . In order to make those choices , Greece will need financial help . If they do not comply with the austerity program , then they will not get the help from Europe . If so , then they will have to finance the new direction by themselves …

.. That will be no easy task . It will involve Greece ‘ s departure from the Euro , among the other things . It will also involve [at least temporarily] a great deal of inflation , as the economy and the private sector attempts to adjust . There is no guarantee that Greece will make it , at least without a great deal of turmoil …

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