generic-user-1 said:
well i think we have problems with short and long term, i mean 1-5 years with short and 20+ with long term.
and your descriptions doesnt sound like anything will change. and what investment should go on a mass exodus? the millionairs money in switzerland? or the last paycheck of the rest of the greeks? |
1-5 years? no you will be looking at 10+ years for the short term and it will be horrible. Greece will sink back into recession compounding the existing problems as government income will rapidly shrink while unemployment and pension costs will continue to rise, the small pre interest surplus currently on the books will turn into a multi billion dollar deficit with no one willing to loan them the money. Inflation will accelerate and a lot of businesses will go broke, add another 10%+ to current unemployment, The pain you see in Greece now is nothing compared to what is likely on the horizon. The sad thing is the members of the greek government are mostly rich and won't be the ones that feel the true pain of the mess created.
