Step 4: Get some honest politicians in government! Preferably those who will be transparent, and not overspend the budget.
Exactly. Greek politics are in dire need of honest fresh faces!
Especially those Neo-Nazi criminal, women-hitting Golden Dawn punks.
Golden Dawn is useless. They are a one trick pony if I've ever seen one! Golden Dawn deals with only one issue: immigration. They just don't care about anything else.
Plus, they don't really believe in democracy. So, thank goodness, they won't participate in any government.
Wouldn't want to see kamikaze Hollande tax-the-rich-till-they-bleed policies though. A brain drain would shake things up even more.
Personally, to be honest, I don't think it's necessary to increase anybody's taxes right now. Rich people should simply pay the taxes they are supposed to.
However, unfortunately, the State must look for ways to grow revenues in order to pay down the national debt, thus -if and only if the budget fails- one solution could be boosting the taxes on the top 1% of earners by maximum 2%.
But, again, I don't think that will be necessary, as long as everyone (including the top 1%) pays the vast majority of his taxes.
Isn't it quite a cultural thing? Wouldn't this then be quite an effort?
Yes, changing a culture of illegality won't be an easy thing, nonetheless in my opinion it's doable. Generally people just need an incentive to change their behavior!
You know, studies have shown that economic incentives very often motivate human behavior change.
Query: Keynes, Milton, or the middle road?
I think that Greece will need to take a middle-road approach if it hopes to improve. The Greek economy is weak in any economic framework, Keynesian, neo-liberal or even socialist. Frankly, choosing a rigid Keynesian or liberal approach is like trying to run before learning how to walk.
Greece needs to take it nice and easy or we are going to have another train wreck.
Also, stay in EU or leave?
Stay, there is no other choice. A Greek exit could trigger a wave of similar departures by debt-strapped countries like Ireland, Portugal, Spain and Italy, which would drive up the borrowing costs for all of Europe. Such an outcome would spur bank runs and capital flight in those nations.
Leaving the Euro -now- would be very damaging for everyone.
how and why do we give greece nearly 70billion euro when we have to make a 17billion cut ourself next year. and have a debt of 373billion =S
Apropos, Spain, the Netherlands, Slovakia, Slovenia, and Belgium will fail to meet spending targets and may also miss the deficit target in 2013.
but if you leave the euro. we don't have to safe you anymore to safe our own currency. would you like that better?
Sure, you won't have to save Greece, but you will have to save Belgium or whoever. For the foreseeable future, you just will always have a country or countries to save.
are you sure your greek. =P
I am Greek-Italian-Austrian.