VGChartz Europeans, I need your help.

[Kasz216]

the2real4mafol said:

Kasz216 said:

the2real4mafol said:

Kasz216 said:

 

Were you paying attention to greece and Spain before austerity?

 

To blame austerity is like blaming chemotherapy for making cancer patients sick.

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.

It don't work because they cut the wrong areas. They hapilly cut stuff like education and other vital services in Greece which help the economy in the long run. But do these politicians cut there own wages? NO! Do they close tax loopholes or pursue tax avoiders? of course not! Anything that don't affects them is cut first because they don't care about the morons who elect them constantly. All the while, pushing there own failings onto immigrants and fuelling extremist nationalism. Ain't that clever and sly of the Greek politicians? Of course, Greece won't be fixed over night but they need to realise there current policies aren't working at all. Otherwise, they likely would of been on the mend by now. This really is like the 30's all over again. 

You can be upset with what they cut.  I think they've left a lot of stuff uncut that should be myself.  Like their military buildup for their coldwar against turkey over cyprus that will likely never evolve into anything.

However,  without austerity, they would of defaulted on their debts harder, been forcibly kicked out of the europeon Union, defaulted on their debt, and been forced to return to the Dracmha.  Which would of been devalued to Zimbabwe/Post World War 1 german levels.

Leaving Greece in the position of REAL third world countries, like Somalia. 

Unable to import things like even simple medicine...

You think 30% unemployment is bad... we're talking >50%  Unemployment.