Meathead
22 Feb 2012
News / Becoming non-EUnuch -> giving up your share of handouts. [36]
The point being Greece's GDP has been decreasing due to the fact they have no control over their currency. It's ridiculous that it is as expensive for me to travel to Greece as it was for me to take a couple of days in Frankfurt between connecting flights. Greece should be a lot cheaper and if it was they would be able to grow their economy. The Euro is a cheap Mark and an expensive Drachma.
In contrast, Greek GDP has been decreasing for 6-7% a year for the last two years. The forecast for this year, according to the statistics in the new deal, is a decrease of 4.3% – most likely too optimistic – followed by a 0% growth in 2013 and – probably overly optimistic – a growth of 2.3% in 2014.
The point being Greece's GDP has been decreasing due to the fact they have no control over their currency. It's ridiculous that it is as expensive for me to travel to Greece as it was for me to take a couple of days in Frankfurt between connecting flights. Greece should be a lot cheaper and if it was they would be able to grow their economy. The Euro is a cheap Mark and an expensive Drachma.