View Single Post
  #294  
Old 20.06.2012, 22:23
rainer_d rainer_d is offline
Forum Legend
 
Join Date: Apr 2008
Location: Zurich
Posts: 3,614
Groaned at 70 Times in 49 Posts
Thanked 3,773 Times in 2,049 Posts
rainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond repute
Re: How long does the Euro have left?

Quote:
View Post
That's why Greece does not need money! It needs STRUCTURAL changes.
Well, the money that Greece gets from outside goes to three distinct "sink-holes":
- repay foreign debt, the real reason Greece has been kept on life-support since it was discovered it's essentially broke
- pay salaries
- and pensions


All the rest is really on a death-spiral (energy-sector, health-sector - you name it and it's on the brink of a complete meltdown) - because neither the state nor people have money and thus nobody pays bills, slowly draining any imports (hospitals and pharmacies owe billions to Roche, Novartis, GSK....
If it wasn't so sad, one could joke about Al Qaida setting up shop there shortly, as it's close to being a failed state.... not unlike Somalia etc.

I'm not sure if it has been mentioned here, but several historians have commented that the people of Greece don't have a positive attitude towards their own state - historically, the state has always been the enemy of the citizen (most recently witnessed by the colonel regime) and thus it was socially acceptable to deceive it of taxes.

This is not something anybody from outside (like the Troika or some EU-sent administrator) can fix. If the Greece population hates its own state, from deep inside, it cannot survive. Plain simple.
You can't collect taxes at gun-point.
Reply With Quote