the2real4mafol said:
You've got to be having a laugh if you think austerity is helping spain or greece in any way Things in them countries won't great before but at least they didn't have 30% unemployment and people won't relying on the church or having to steal food or electricity to survive. Spain and Greece are like 3rd world countries now. Greece must of lost about a 1/4 of its economy to thin air by now and if austerity works, why is it taking so long to prove it? Asia is laughing at us. Austerity has certainly made things much worse. Being tied to the Euro certainly don't help either. |
Apparently you hadn't been paying attention to greece, because yes... it was like that before Austierity.
Austerity is taking so long to work... because austerity took so long to implement.
That and because they haven't applied needed structural reforms.
I mean christ, do you even know what greece would look like now without austerity? They would of defaulted on their debts, been removed from the EU, had their currency deflate to Zimbabweian levels after being kicked out of the EU and be unable to import even the most basic goods like medicine.
Greece actually would be a real third world country.
