Greece

Thursday, February 05, 2015 Francisco Carneiro 0 Comments

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Varoufakis’ idea of a winning strategy is to hold a gun to his own head and then demand a

ransom for not pulling the trigger.

Anatole Kalensky, From GaveKal

The Troika idea is i lend you a lot of money but you have to do some things that i think are good for your country. That is not working for 2 reasons

1.The countries don't do the full package of measures that the Troika recommends. In Portugal we didn't cut the Public expenditures (Only raised taxes)

2.People are ultraged of having someone telling them what to do.

Of course that austerity is the only way out, but we can't expect the south countries to figure out that what the northern countries do works. We know better of course.

What to do? Prepare for the worst, don't lent to bankrupt countries and eventually prepare to shore up the people who lent to Greece.

The ideia of protecting the lenders of Greece by sending more and more money to Greece is not working.

People can not live on credit forever.

They have to live with what they have. With that i agree with SYRIZA