Quote:
Originally Posted by Yoko Takeo
It won't work in Europe like it does in the US. There won't be the kind of economic co-operation among EU countries like the theory states. The crisis in Greece and other countries' reluctance to help should be proof of that. That's the point I'm trying to make  |
The problem with Greece is that it isn't generating material value in its economy and relying on limited number of industries. It could help itself in SOME way, but probably not all.
The rule of the thumb of a small country's economy is to invest in multiple avenues to generate income, and not just throw money in a handful of industries. Greece is doing the latter and has become overly reliant on it.
Besides, they are giving their civil servants too much material benefits. That would be an incredibly difficult problem to fix because humans are by nature greedy. And humans are the pillar of every country : they are called citizens.