In Latvia, Lithuania and Estonia pensioners and other poor people wonder why they are being asked to pay to bail out their far richer Greek counterparts.
They should instead be told that while they keep looking at their greek counterparts debt (1.8%), the EURO value has dropped from nearly 2 dollars to nearly 1 dollar (50%!!!!!!!!!!), whic means that they gave up their national currency took EUROS and the day after found themselves with HALF their initial buying value. Perhaps THAT's why they became poor.
In Latvia, Lithuania and Estonia pensioners and other poor people that are being told that they pay to bail out their richer counterparts greeks, shuld be told that what they are actually doing is making money while lending Greece with interest. They should also be told that the greek debt is 1,8% of the total European debt, and that Greek Economy is a 2,4% piece of the total European Economy. Which in comparison with a family budget is the value of their children's 2 chocolates. Why a country is forced into recession for 2 chocolates? Especially when the 2 chocolates value was made buying goods from Germany?
Please Login to leave a comment