Monday, July 13, 2015

Try, try, try again

I don't see how conditions will improve in Greece:
No debt relief
Higher sales tax
Lower pensions
A belief that Greece can raise 50 billion euro by selling 'assets'

The 'plan' is worse than that originally offered.

I find it interesting that little mention is being made of the effect of the Marshall Plan on Germany. Basically, the plan made Germany's debt null and void.

This video from The Guardian is a good summary of today's deal.

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