Island, Ireland and all the Baltic
countries have recovered from the financial crash. The Baltic
countries have done so and with impressive sacrifices from the
public. I don't believe that that is achievable in the southern
part of Europe. The public in Balticum is part of the northern part
of Europe with different culture and on top of that lives in the
shadow from Russia. The sovereignity is at play for them and that
makes the difference to take the tougher path. Greece will have to
devaluate with a new currency.
yes, my who point was that austerity can work, but you need to
have a population that can accept it. The Estonian people
accepted it because their culture was farily recently under
communist rule and the nanny state mentality didn't have time to
get ingrained into the culture like it has the other
European socialist countries. But there are socialists who say that
austerity can't work like the French President, clearly it can if
implemented right.
Of course the US is going this way over time to the nanny
state.
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Cannot compare Greece with Estonia...
France lowers retirement age from 62 - 60
Posted by lebow on 8th of Jun 2012 at 07:59 am
Island, Ireland and all the Baltic countries have recovered from the financial crash. The Baltic countries have done so and with impressive sacrifices from the public. I don't believe that that is achievable in the southern part of Europe. The public in Balticum is part of the northern part of Europe with different culture and on top of that lives in the shadow from Russia. The sovereignity is at play for them and that makes the difference to take the tougher path. Greece will have to devaluate with a new currency.
yes, my who point was
Posted by matt on 8th of Jun 2012 at 09:35 am
yes, my who point was that austerity can work, but you need to have a population that can accept it. The Estonian people accepted it because their culture was farily recently under communist rule and the nanny state mentality didn't have time to get ingrained into the culture like it has the other European socialist countries. But there are socialists who say that austerity can't work like the French President, clearly it can if implemented right.
Of course the US is going this way over time to the nanny state.