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Greece's GDP Is In Total Freefall!!! European Finance Ministers Cancel Meeting on Greece!!!
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[quote:Anonymous Coward 10324352:MV8xNzgyODAwXzI5NjI4NjUxXzZBNTUxREM5] [quote:Perseus -]+[- 691183:MV8xNzgyODAwXzI5NjI4MzE1X0Y5RkRFM0Y=] [quote:Nomad01 1435180:MV8xNzgyODAwXzI5NjIzMDQzXzRFQ0NCNjE3] If anyone wants to see what the future holds for Greece all they need to do is look at Argentina. Over the last couple of years I have been reading a blog on survival in Argentina (http://ferfal.blogspot.com/) and researching the causes and results of the Argentina financial crisis. Argentina has evolved into a socialist state and is quickly decending into a dictatorship where there are no other political parties and school children are taught a different set of history lessons that reality. Greece will soon be following Argentina down this economic and political road. [/quote] Thats the famous post who started all, before some years,2005 creating one of the best if not the best urban survival blog Surviving in Argentina http://ferfal.blogspot.com/2008/10/thoughts-on-urban-survival-2005.html [/quote] An excellent read. Thank you for posting. [/quote]
Original Message
Greece's GDP Is In Total Freefall
More awful economic statistics out of Greece.
In the fourth quarter, GDP shrank 7% from a year earlier.
That compares to a decline of 5% in Q3, according to Reuters.
The idea that the economy can survive more austerity -- especially given the attendant social collapse -- is laughable.
Read more: [
link to www.businessinsider.com
]
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