Forums » Current economic crisis

• Emma Wood

  

  • 46 posts
   

  September 27, 2011 1:53:16 PM EEST

  What could happen next? What options are there for Greece and what are the possible outcomes? With the news reporting different senarios on a daily basis, obtain a good understanding of the potential outcomes for Greece and its economy by visiting the attached BBC link

   

  http://www.bbc.co.uk/news/business-14977728    

• Dronz Arigho

  

  • 5 posts
   

  September 27, 2011 5:59:24 PM EEST

  Very sad situation the country finds itself in. I sense a lot of suffering ahead for many Greek People. Until the Administrative Departments within various levels of Government are sorted out progress will be virtually nil . If I have a puncture on the wheel of my car , I dont drive along for 200 or more miles whilst the tyre disintegrates, I either change the wheel or mend the puncture straight away. If as we are informed through the media individuals are incapable of running a Department why not replace them now rather then waiting until 2015 ?
  Znord737
• Emma Wood

  

  • 46 posts
   

  September 27, 2011 6:52:31 PM EEST

  I agree and strategically this should seem obvious, but if you have a flat tyre but no strength in your arms or tools to repair it then you are powerless to resolve ones position. No strength in ones arms means no leverage in parliament because of a falling majority and no tools to do the job needed means the incredible protection of employment law here in Greece and the inability therefore to introduce change and measures for efficiency. I too share a very deep concern for Greece. Those that wish to survive will need to be creative, persistent, hard working entrepreneurs.....with the courage to muster-up all the energy and positive attitude they can find.
• Dronz Arigho

  

  • 5 posts
   

  September 27, 2011 9:58:36 PM EEST

  Thank you for your viewpoints. Have to admit I did not consider the points you have raised . All I may say Very valid indeed. My thoughts are for the most vulnerable members of the Greek Society who will be effected by this on-going saga. Very sad indeed . I wish there was an easy solution but there isnt !
  
• Dronz Arigho

  

  • 5 posts
   

  October 4, 2011 6:18:10 PM EEST

  I see on the Inetrnational TV Media today that the decision on the next tranche of EC/IMF money has been put off until November. I seem to recollect recently reading in the Greek News Media that the Government only had sufficient funds to last until the 15th of October. Things appear to be going from bad to worse which will reflect on everyone in Greece. Punitive Taxes have never got any country out of difficulties, lets hope next week brings some better news
• Emma Wood

  

  • 46 posts
   

  October 4, 2011 11:17:59 PM EEST

  You are correct, in fact I suspect that they have run out of money all ready, because there are many public sector workers that haven't been paid for months. We can anticipate acute attacks of strike action and I question whether one will be able to get money out of the cash point machine or across the counter at the bank. I queued in the bank one day approx 10 days ago and requested 2,000 euros and the lady at the counter called along the queue asking if anyone had any money to credit, so that she could give me my requested funds! A sign of things to come I thought to myself as I left.