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Best and most thorugh analysis of the Eurozone crisis by the wise Nouriel Roubini

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    #21
    Originally posted by GreenLabel View Post
    What's stopping them are the hordes of angry Greek voters. Regardless of whether or not it's good for them, the Greek public won't accept harsh austerity - look at the protests over the relatively minor reforms proposed so far. They've had the easy life for so long it's ingrained in their culture, and the shift back to reality won't come easily.
    The alternative is for them to go bust. Then they will see real austerity. Iceland at least has some sort of industry to fall back on. The only thing the greeks are good at is tax dodging.

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      #22
      Originally posted by BrilloPad View Post
      The alternative is for them to go bust. Then they will see real austerity. Iceland at least has some sort of industry to fall back on. The only thing the greeks are good at is tax dodging.
      No, they've got tourism. But when the euro was strong they've had to drop their prices so I don't know how much profit they are earning compared to before.

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