The last Greek crisis had jolted financial markets all over the world but now sentiment about Europe has improved. As the immediate danger to the euro recedes, and there is a sense of a political will to reform, things will start to improve. This week, TASE too has started to rise. Maybe taking that loan and buying stocks will prove in the end the right decision. Paying back the loan is very heavy. Collecting debts owed to me (my consulting fees) is most difficult but it has to be done mercilessly. Operation Shylock´s commander speaking here.
2 comments:
You better not read this then:
Lid Off Of The Entire Greek Bailout
Read it.
Greek workers dont produce enough to pay the salaries they were getting. There are several ways to reduce their salaries, the preferred one is the devaluation of the currency,which makes lowering real salaries almost invisible. That being impossible, the social payments and services such as free medical services, will have to be eliminated. That is painful but not much. What they are doing now is creating unemployment which will reduce the level of wages. In a few years, Greek workers will find themselves earning the money they are worth, which is not much.
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