tag:blogger.com,1999:blog-1824065151751257861.post8740553318746168936..comments2023-09-07T14:53:38.034+01:00Comments on ... thoughts: European leaders do not trust Greece ...Anonymoushttp://www.blogger.com/profile/05037177825712467778noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1824065151751257861.post-85977148347187066292012-02-21T19:18:42.291+00:002012-02-21T19:18:42.291+00:00Perhaps I am just a big softie but I am beginning ...Perhaps I am just a big softie but I am beginning to feel a little sorry for the Greeks. <br /><br />The German economy is booming and the Greeks, locked into the Euro as they are, are being dragged ever further down the road to ruin.<br /><br />There is absolutely no hope that the Greek economy will ever be able to recover enough to match up to Germany, so they are forced into an ever increasing spiral of austerity and job losses. Serious poverty looms.<br /><br />They need a 30% devaluation. As long as they stay in the Euro, the longer the pain will last.BilloTheWisphttps://www.blogger.com/profile/16221663524948086557noreply@blogger.com