Thursday, February 05, 2015

Tax and Spend

David Stockman advises Greece to default and dump the euro.
"For its part, Greece stands at a fork in the road. Syriza can move aggressively to recover Greece’s democratic sovereignty or it can desperately cling to the faltering currency and financial machinery of the Euro zone. But it can’t do both.
So by the time the current onerous bailout agreement expires at month end, Greece must have repudiated its “bailout debt” and be on the off-ramp from the euro. Otherwise, it will have no hope of economic recovery or restoration of self-governance, and Syriza will have betrayed its mandate."
I bet Syriza betrays its mandate. They're politicians.

No comments:

Post a Comment