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Where will this Euro-zone deficit issue end - resolution or economic collapse?
Greek political leaders have ended their meeting after seven-and-a-half hours without an agreement on austerity proposals
Will the Greek population eventually put up with a 22% drop in minimum wage, 4% to 5% loss in 2012 GDP, more massive layoffs resulting in higher unemployment and idleness.
In other words, will there be a greek civil war?
2 Answers
- Anonymous9 years agoFavorite Answer
Sadly,the Greeks are not fighting for food,but their luxury life style.The real target is the corruption of their politicians, not the Euro.No gain,no pain. Every crisis country has gone through it such as the financial crisis in Asia in 1997. Check it out.
- Anonymous4 years ago
many appropriate economists, it extremely is who. Gov't spending is the grease to get the financial device rolling lower back. And in case you have no longer checked unemployment quotes and the inventory industry these days (the two are plenty extra proper than 2 years in the past) they could be proper. of direction it can not flow on, despite if it served a objective.