Quote:
Originally Posted by Osem
The only way Greece can hope to prosper is to get out of the Euro and start rebuilding its economy and it can't do the latter being bogged down with so much debt and being constrained by EU financial and political policy.
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Greece grew faster than we did in Q1 and is anticipated to grow 2/3rds faster in Q2 and at twice the rate in Q3. A pattern that I very much hope doesn't continue.
That growth is of course from a very low point. They had their opportunity to leave the Euro and declined. The Eurozone have built up extensive shock absorbers in the interim.
Inside the zone their only option was extensive internal devaluation which it seems is what they've done and their economy is on the mend, with caveats due to the massive public debt.
Horrendous mess though
