Greece and the Rape by the Rentiers
February 10, 2012 at 08:18 AM EST
Here’s the draft of the supposed agreement to “sort out” the Greek debt problem once and for all. According to Bloomberg, here’s the essentials: Greece’s 2012 GDP will shrink by as much as 5%. Greece is expected to return to growth in 2013. Greece will cut 15,000 in state jobs in 2012. Minimum wage will [...]
