Greece gears up for tough reforms

[routsounmanman]

SamuelRSmith said:

routsounmanman said:
This latest "austerity" package will kill us. Our economy will contract a further ~6% AT THE VERY LEAST. We should just default and go back to the drachma. Greece would fill with tourists yet again (maybe even more so, with Spain, Portugal, Italy,etc in the Euro)

If you default, you'd have to have austerity, anyway (as you'd have to balance the budget IMMEDIATELY, as in, not a single dollar borrowed - no one would lend to you). If you go to the Drachma and start "printing your way to prosperity", then you'll suffer extremely high inflation, and austerity.

Which option do you want to take?

Easily the second one; at least then, we'd have some pride and dignity. Right now, we're paying for the faults of our useless politicians, and we've become EU's black sheep. Everyone wants us out, and makes stereotypes like we're lazy, live richly, etc.

As a saying goes, "a poor country can get back on it's feet; a humiliated, never"

PS: Also, please tell me if you have even a sliver of hope that this package will get us out of this mess, ever. Deficits will bring more auterity, which will bring more deficits, etc. It's a vicious cycle the one we're in, and there's no way out, unfortunately...