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Greece Vote
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<blockquote data-quote="GTNavyNuke" data-source="post: 159176" data-attributes="member: 322"><p>I expect some deal to kick the can down the road another year. Here are some interesting charts. The last one shows that Germany would lose massively if the Eurozone were to break up. <a href="http://www.bloomberg.com/news/articles/2015-07-06/greece-s-problems-explained-in-six-charts" target="_blank">http://www.bloomberg.com/news/articles/2015-07-06/greece-s-problems-explained-in-six-charts</a> This chart is partly due to the size of the German economy relative to the others and the advantage that Germany has with a more efficient manufacturing sector in a weak currency union.</p><p></p><p>Greece is like 2% of the EU GDP so they are just a whipping boy to keep others in line. There is a lot of talk but what matters is what actions are actually taken. I really have feeling other than the solution will be a short term one since that is what is usually done.</p><p></p><p>Let the second chart on 20-50% unemployment depending on age demographic sink in. Those are the conditions which have lead to an extremist dictator (right or left) in other countries. It's why the current regime is in power and the vote went the way it did. Greece has no good choices.</p></blockquote><p></p>
[QUOTE="GTNavyNuke, post: 159176, member: 322"] I expect some deal to kick the can down the road another year. Here are some interesting charts. The last one shows that Germany would lose massively if the Eurozone were to break up. [URL]http://www.bloomberg.com/news/articles/2015-07-06/greece-s-problems-explained-in-six-charts[/URL] This chart is partly due to the size of the German economy relative to the others and the advantage that Germany has with a more efficient manufacturing sector in a weak currency union. Greece is like 2% of the EU GDP so they are just a whipping boy to keep others in line. There is a lot of talk but what matters is what actions are actually taken. I really have feeling other than the solution will be a short term one since that is what is usually done. Let the second chart on 20-50% unemployment depending on age demographic sink in. Those are the conditions which have lead to an extremist dictator (right or left) in other countries. It's why the current regime is in power and the vote went the way it did. Greece has no good choices. [/QUOTE]
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