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CRFI
Lv 6
CRFI asked in Politics & GovernmentPolitics · 1 decade ago

Has the unstoppable and deepening economic crisis metastasized on Greece?

Everybody knows that the epicenter of this crisis is on USA, is Greece the next Iceland?

Update:

aahahaha! Another trick ,huh?It depicts the agony of Capitalism, face it!

4 Answers

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  • ?
    Lv 7
    1 decade ago
    Favorite Answer

    To some extent. However Greece just elected a Socialist Government. So they will be able to dig themselves out sooner.

  • Anonymous
    1 decade ago

    Slow down there. There's no indication that this economic crisis is "unstoppable". I'll grant you that it may be deepening.

    Greece's current problems are only partly related to the global ones. Sure, Greek investors and banks have been losing money lately because they are tied to the global system. But Greece also has a bloated, inefficient civil service, higher-than-average levels of corruption, and the heavy expense of having to maintain a large military deterrent against Turkey.

    If the government is successful in reversing the problems, it will be as a result of taking tough measures (e.g. to combat bureaucracy and corruption). The current government is socialist (in name, at least), and yet it has promised a tougher approach than the conservatives. So I think it is very simplistic of you and others to depict things in pure right wing vs. left wing ways. It is just as problematic to reject capitalism out of hand as it is to accept it without boundaries.

    One thing is (almost) for sure: Greece is not going bankrupt like Iceland. Greek and European economists agree on that point.

  • 1 decade ago

    Which "economic crisis"?

    You mean the one the major bankers created in order to maximize their profit?

    Then, "yes" is the answer.

    Greece is the victim of many peculiar internal & external issues.

    Europeans complain that Greece doesn't take measures to put the economy in order but they want us to buy weapons and cars only from their industries!

    Also, do you know any other other european country that spent so much money for defense against an aggressive neighbor such as Turkey?

    As far as I know, other EU countries such as i.e UK have much greater financial problems but they care only about the "Greek issue". Why is that?

    Germany is the country that helped SIEMENS across EU. They took jobs by using corruption and now they complain about what?

    Economic crisis is the new trick of Globalization. Wake up!

  • Anonymous
    1 decade ago

    Capitalism has no chance in hell of surviving the next 100 years. with the rapid spread of information, we can now educate the world of capitalist failures..and we will succeed. socialism is on the rise in the USA, and that is the last frontier.

    it is time for a change. a real change. where there is no more poor. no more rich. just total equalization.

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