Quote:
Originally Posted by nomadking
But the problems that Ireland and Spain had/have are mainly down to a collapse in the property market and not any underlying government spending.
Greece is very different. Eg Buying off the electorate with surplus public sector jobs.
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In which case equating them isn't really fair. Greece's public spending has dropped a bunch. Sadly alongside that has come a massive drop in GDP, so it hasn't actually helped.
Are you advocating, having cut public spending by ~20% and taking 1/4th from the Greek economy, more of the same?