Greece's Tsipras: the era of austerity is over

[Bleipriester]

A change is coming to Greece, as new agreements lift the burden of austerity from Greece.

Greece's Tsipras: the era of austerity is over

 

[Ringel05]

I seriously doubt it's over as it's just a political move by Tsipras to inspire voters because his party is trailing badly. I think Greece as a ways to go before they can hope to become solvent again.

 

[Bleipriester]

I seriously doubt it's over as it's just a political move by Tsipras to inspire voters because his party is trailing badly. I think Greece as a ways to go before they can hope to become solvent again.

There´s more to it. It´s in the article.

 

[Ringel05]

I seriously doubt it's over as it's just a political move by Tsipras to inspire voters because his party is trailing badly. I think Greece as a ways to go before they can hope to become solvent again.

There´s more to it. It´s in the article.

Yeah I saw that but it still looks like he's playing politics with it. Even with what's happening now I still don't think they're anywhere near being out of the woods just yet, there's too many fighting the austerity measures, they think they can continue "business as usual".

 

[Dschrute3]

Ha, 'austerity' hasn't happened in Greece. The Left will not allow it to happen. It's safe to say, Greece is a failed state. Its Communists/Socialists have destroyed it. Right Wing Conservatives are the only ones who can save it now. In fact, i would say that's the case for all of Western Europe at this point.

 

[Bleipriester]

I seriously doubt it's over as it's just a political move by Tsipras to inspire voters because his party is trailing badly. I think Greece as a ways to go before they can hope to become solvent again.

There´s more to it. It´s in the article.

Yeah I saw that but it still looks like he's playing politics with it. Even with what's happening now I still don't think they're anywhere near being out of the woods just yet, there's too many fighting the austerity measures, they think they can continue "business as usual".

The austerity measures were really tough. Mass dismissals, homelessness, lack of meds, all types of shortages, even class books were short. But it reduced the debt greatly. If the overspending as result of fantastic election campaign promises will not return, this chapter can be closed, I guess.

 

[Ringel05]

Unfortunately Greece, Spain and Ireland had surpluses and all went on spending sprees then the market went into recession with almost all EU countries heavily burdened with debt, the above three more so than others. Add to that what happened to bonds and Greece in particular hoping they could wade through the problem without any austerity measures which just made their plight worse.
Many creditors simply walked away and the rest doubled and tripled their rates. Unfortunately there has been suffering all around and Greece needs to develop their exports in order to pay for their imports and until that happens...........

 

[Bleipriester]

Unfortunately Greece, Spain and Ireland had surpluses and all went on spending sprees then the market went into recession with almost all EU countries heavily burdened with debt, the above three more so than others. Add to that what happened to bonds and Greece in particular hoping they could wade through the problem without any austerity measures which just made their plight worse.
Many creditors simply walked away and the rest doubled and tripled their rates. Unfortunately there has been suffering all around and Greece needs to develop their exports in order to pay for their imports and until that happens...........

Spain and Ireland had very own real estate bubbles and Greece had a super sized public sector.

Spanish property bubble - Wikipedia
Post-2008 Irish economic downturn - Wikipedia

All these problems are not a consequence of the 2007- 2008 financial crisis but in addition to it. Combined, their effects skyrocketed.

 

[Ringel05]

Unfortunately Greece, Spain and Ireland had surpluses and all went on spending sprees then the market went into recession with almost all EU countries heavily burdened with debt, the above three more so than others. Add to that what happened to bonds and Greece in particular hoping they could wade through the problem without any austerity measures which just made their plight worse.
Many creditors simply walked away and the rest doubled and tripled their rates. Unfortunately there has been suffering all around and Greece needs to develop their exports in order to pay for their imports and until that happens...........

Spain and Ireland had very own real estate bubbles and Greece had a super sized public sector.

Spanish property bubble - Wikipedia
Post-2008 Irish economic downturn - Wikipedia

All these problems are not a consequence of the 2007- 2008 financial crisis but in addition to it. Combined, their effects skyrocketed.

Exactly but it was the bubble burst that stared the real chain reaction to make things very bad. By the way, don't rely too much on Wikipedia, user added/changed content. There is no accredited university in this country that allows Wikipedia as a research reference because it can't be fully trusted.

 

[Bleipriester]

Unfortunately Greece, Spain and Ireland had surpluses and all went on spending sprees then the market went into recession with almost all EU countries heavily burdened with debt, the above three more so than others. Add to that what happened to bonds and Greece in particular hoping they could wade through the problem without any austerity measures which just made their plight worse.
Many creditors simply walked away and the rest doubled and tripled their rates. Unfortunately there has been suffering all around and Greece needs to develop their exports in order to pay for their imports and until that happens...........

Spain and Ireland had very own real estate bubbles and Greece had a super sized public sector.

Spanish property bubble - Wikipedia
Post-2008 Irish economic downturn - Wikipedia

All these problems are not a consequence of the 2007- 2008 financial crisis but in addition to it. Combined, their effects skyrocketed.

Exactly but it was the bubble burst that stared the real chain reaction to make things very bad. By the way, don't rely too much on Wikipedia, user added/changed content. There is no accredited university in this country that allows Wikipedia as a research reference because it can't be fully trusted.

As long as a topic does not address anything affected by political correctness or government agenda, it is informative. Also, there are sources for every claim. Check them out if you are unsure.

 

[Juicin]

A change is coming to Greece, as new agreements lift the burden of austerity from Greece.

Greece's Tsipras: the era of austerity is over

Greece has to compete with the rest of the EU for not only market share but labor

They're fucked for all sorts of reasons, won't end until the EU decides to pony up and subsidize them. Or they leave and spend generations rebuilding.

The Greeks have a lot more leverage now after brexit.

 

[ESay]

Greece's Tsipras: the era of austerity is over

I wonder what this means in practice. The Greeks have been able to reform their economy to that level that it is now capable of granting them pre-crisis level of prosperity without international loans?