You are viewing a single comment's thread from:
RE: Ρετσίνα: Greek sarcasm?
I didn't see @amadeus's post, for some reason. That's a long topic - Greeks mismanaged their country for a long time, hence their economic crisis. As a Bulgarian, whose country is also led by corrupt politicians, I'm pretty much aware what austerity means - Greeks haven't even began to feel its effects.
Can't disagree with that (bummer 8-). My point is, that the enforced austerity only makes things worse and the Euro makes a tailored monetary response impossible. That is how the economic suffering of the Greek (and Bulgarian) people is being prolonged and deepened by European and troika measures. However much it is their governments' and their cronies' fault for getting into this mess, the man on the street suffers unnecessarily because Europe blocks all possible economic and monetary escape routes.
And all that over a carton of retsina 8-).
It's true that the Euro limits the available tools to control a country's economy, but on the other hand, it's stronger than the Drachma and the Lev. You can very well imagine what will happen to both economies, by combining money printing, corrupt politicians and foreign exchange speculations with these two weak currencies. Add to that the requirements of the free European market, which means that the country will still have no control over its imports and exports (unless it leaves the EU).
So, is that Retsina any good? :)
I don't think strong currencies are what struggling countries need, on the contrary, but that may be the retsina talking 8-). I did buy a carton as a sort of apology on behalf of many Dutch people for our mr. Dijsselbloem's lack of economic knowledge and general behaviour, and yes, it's quite good. What Bulgarian specialty do you recommend?