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WMARKW Comments (5035)
 
Growth in 2013? Ha, ha.....good luck. Try sometime in the next 5 years....maybe.
8 Feb, 03:15 PM Reply Like

SA reader Comments (174)
 
Yea, this isn't the solution. It's the beginning of the end. Troika is just buying time at the expense of Greece. Greece would be smart to just default and regroup/leave EZ.
8 Feb, 04:37 PM Reply Like

Good Captain Comments (387)
 
I agree w/ your sentiment SA. One does have to wonder if anyone grounded in reality believes the Greeks, by these actions, can position themselves for a rebound outside of one of the "dead cat" variety. I have no doubt the immediate 6 - 12 months post default would be chaotic, but I likewise believe necessary structural changes for an improved situation would also be lain.
8 Feb, 06:15 PM Reply Like

Falconflight Comments (103)
 
And Greeks would survive how pray tell? What a weak mind.
8 Feb, 08:56 PM Reply Like

Scott Mc Cauley Comment (1)
 
How will Greek govt checks to pensioners, employees, and vendors clear after March 27th? Is this to be another Argentina?
8 Feb, 09:37 PM Reply Like

WMARKW Comments (5035)
 
How do you change a "paradigm". It's like trying to get rid of aid to families with dependent children in the US or illigitimacy. How long does it take to change the education system in the US? This stuff will take a long, long time.
8 Feb, 07:12 PM Reply Like

MGK Comments (25)
 
You don't "change" a paradigm; you "grow" into a new one. It requires a generational transformation. The Greek children (through mid-20's)that are growing up and coming of age now, will be receptive to change because they are witnessing the folly of the current generation who believed in a free lunch.
8 Feb, 07:57 PM Reply Like

bob adamson Comments (4375)
 

As of early in the morning on Thursday February 9th Greek time the final details of the two deals (i.e. the haircut of the PSI and the EU, IMF and ECB bailout) are being concluded and support in the Greek Parliament shorn up to enact the deep austerity measures entailed. The first three articles are from the Greek newspaper Ekathimerini describing the situation.

http://bit.ly/xS9aXb

http://bit.ly/AiMfiV

http://bit.ly/zBPFJj

The following two articles describe the context of negotiations as matters came to a head on February 8th.

http://bit.ly/w36R1x

http://econ.st/wNyCnh

Somewhere in all this a viable plan to promote growth in the Greek economy (and that across Mediterranean Europe for that matter) had better emerge or this will be all for not.
8 Feb, 08:02 PM Reply Like

untrusting investor Comments (7017)
 
Looks like maybe finally some progress on a deal.
8 Feb, 09:33 PM Reply Like

bob adamson Comments (4375)
 
U T

A settlement (at least for now) may be at hand.

The UK’s Guardian newspaper just posted the following two reports indicating that Greece has agreed to a package acceptable to the EU, ECB and IMF. I’ve not seen confirmation in the Greek press or elsewhere yet.

http://bit.ly/xDm6CV

http://bit.ly/xDjMds

Before this settlement was reported I was reading the online reports and commentaries concerning Greece in the German newspaper Spiegel. The range of opinions within Germany, arguably reflecting similar ranges in the Netherlands, Finland, Poland and the Czech Republic, on what should be done about Greece are well illustrated by the following:

http://bit.ly/y1yKvl

http://bit.ly/xFdVoc
8 Feb, 09:54 PM Reply Like

hackenzac Comments (163)
 
I smell riots.
8 Feb, 10:22 PM Reply Like

Moon Kil Woong Comments (8207)
 
15k jobs when 33% of the people are on state payrolls. You must be joking. And 150k over several years = an empty promise. There is no way they will actually do it without going bankrupt.
8 Feb, 11:29 PM Reply Like