Comments on: Thousands march in Greece to protest austerity https://www.eutimes.net/2013/11/thousands-march-in-greece-to-protest-austerity/ We deliver exclusive hidden news that you won't just find anywhere, information that nobody wants you to know about. Updated 1 minute ago. Fri, 08 Nov 2013 23:00:17 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Lars Schotte https://www.eutimes.net/2013/11/thousands-march-in-greece-to-protest-austerity/comment-page-1/#comment-79265 Fri, 08 Nov 2013 23:00:17 +0000 http://www.eutimes.net/?p=29965#comment-79265 I think that the problem at hand is that there is no perspective to the future. Even if they were right about the austerity, and even if they repayed their debt, what then?
There is no economical sense behind it. And how are the greeks supposed to repay some debts, when they are not participating on the exports. So they are not even having the chance to work themselves out.
Neoliberal economics say that when they do austerity, their labour becomes cheap and then companies start to invest, hire people and there will be growth, that can be used to repay the debts.
Well, from 2009 on they are trying austerity without some of these effects taking place, and eventually, it gets even worse.
But honestly, what is the point of giving the capital back to, say, the germans and french? They have more than enough capital themselves and do not know what to do with it, so what should it help?
Or does anyone think that the german government would then use that money to fix the streets? They could do it right away, but for that they would need to go in debt and they do not want to do it because they have forbidden themselves to go more in debt. And even if even more money would be there (from the greeks for example) that would not change the problem, that in order to get to this money, someone would need to take this debt. Now the debt is in Greece, but where should it go from there?

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