Quote from: Brunic on November 13, 2012, 09:48:45 PM

Quote from: cedivad on November 13, 2012, 08:38:46 PM

They cannot inject money as you say.
They don't own their own money.

Yeah, that's the worst part of it. I really think some Euro countries needs to step forward and inject money in the Greek system. The boat is leaking, they're all in the same economy, they have to patch, even at loss. They're going to implode the whole euro zone simply because they don't want to "lose" money with Greece.

Quote from: hazek on November 13, 2012, 09:13:34 PM

What a bunch of garbage this post is. Roll Eyes

I'm not even going to attempt to point out all the sophistry and idiocy in it.

If you're going to insult people instead of debating, get lost. You're not interesting.

Here is what a economist and nobel prize winner is thinking about all that:
http://www.rawstory.com/rs/2012/10/17/stiglitz-greece-and-spain-are-in-depression/

I'll back you up and say I agree completely with your austerity post. It's a horrible idea. That's the problem that I have with what happened in the 2000s in the U.S. After the country was showing a surplus, and unemployment was so low, and the economy was booming in the late 90s, that's when the spending should have been cut, and taxes on the wealthy raised. Instead we accelerated the increase in debt by massively increasing spending and massively cutting taxes on the wealthy. Then the complete lack of financial regulation led to the collapse of the worldwide financial industry and the housing debacle we find ourselves digging out of now.

So basically what happened was we kept spending and low taxes when things were going great, and when they collapsed we had magnified the debt so badly that there wasn't the ability (or will) to massively spend by the government to end the recession (depression?) quickly.