Skip to content

Spending Does Matter

December 11, 2009

The Greek government is facing default with debt being downgraded and the deficit going higher and higher.

How high? For the Greek government to ‘balance’ the budget it would have to cut half of its spending which would take unemployment to 20% and further risk inflation and currency devaluation.

Watch out US.

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: