Athens burns as Greek austerity bill passes
Monday, February 13, 2012Athens burns as Greek austerity bill passeshttp://moneybusinessshow.blogspot.com/?spref=tw
moneybusinessshow.blogspot.com
Greek politicians have just signed a “death warrant for the country” with their new austerity budget, according to John Taylor, Chairman and CEO of FX Concepts. “This is the fifth year of recession they are going into. Most…
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I do not disagree with John Taylor. What was the alternative for Greece? The only alternative was wiping the slate clean with a country bankruptcy. Due to the bureaucracy, it is almost impossible to set up a new business or division in Greece. New wealth creation is their major challenge.
