Monday May 28, 2012

JAPAN NEWS AND DISCUSSION

Greek protesters confront government on economy

World Sep. 12, 2010 - 05:53AM JST ( 5 )

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5 Comments

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Bebert61Sep. 12, 2010 - 10:15AM JST

The free ride is over. Time for the Greek grasshoppers to start producing alongside the long suffering, overtaxed ants.
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MolenirSep. 12, 2010 - 02:04PM JST

“Our choice to go from an economy that for years was based on consumption and credit to a productive model based on green development is of strategic importance,” he said

Actually, this is a mistake. "Green" is never really a good idea. Its cost Spain horribly. Cutting spending, reducing regulation and taxes, thats a good thing. Forcing companies to go green, rather undos the benefits. Hopefully the benefits will be more then the costs. Even so, a "green" economy is unsustainable in the long term, at least right now.
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GJDailleultSep. 12, 2010 - 04:38PM JST

Who said anything about "forcing" companies to go green? The point is to change to a productive economy from one based on consumption and credit. He just said that the production should be based on green development.

Good advice for any country to take. Economic "growth" based on the fraudulent and criminal expansion of credit and the money supply (ie. the US / rich world economic policy since 1980) is what is unsustainable. The countries that understand that will come out ok in the end, the ones who try to deny reality will just crash and stay crashed.
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MolenirSep. 12, 2010 - 05:17PM JST

Very well, "Green" growth is what precisely? Its nonsense. Overspending, constantly borrowing to pay for an unsustainable social welfare state was stupid. Just looking at the reality, people could see it couldn't be sustained. The private sector pays the bills for all of the public sector. If you over regulate it, if you tax it, so it can't produce enough, then its a no brainer that you can't cover the public sectors expenditures. Thats what has been happening. They need to continue to scale back their public sector, adjust their welfare state mentality, where people expect everything to be done for them, or given to them. And get back to work as a productive economy.
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WilliBSep. 12, 2010 - 05:55PM JST

There is no way the Greek government will cut its budget. Instead they will get bailout from the EU fund (i.e. from Germany and Holland).

When that runs out, the Euro party is over. Either split of the Eurozone, or national bankruptcy.