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Greece Aid: The Car Remains Defective, Even If It Is Filled With Super

Double savings during the Thatcher years in the UK unrealistic to the decision of the German Bundestag, Greece to grant financial aid, says Wolfgang Hummel, Assistant Professor of international business at the Hochschule fur Technik und Wirtschaft Berlin: “financial markets can not be fooled. Greece is not only in one in a debt crisis, but a crisis of power. Currency rates and interest rates reflect always the economic performance of a country. Financial assistance for Greece fails to recognize that a defective car with Super instead of regular gasoline will also not back afloat. Money is not the means to clean up Greece.

It was in the past. It was only after the amount of State subsidies, then not Lufthansa would be Europe’s most successful airline, but the Greek Olympic Airways today. There are doubts about the Greek Government’s austerity course. Even the Iron Lady Margret Thatcher was only 3% reduction of public expenditure annually by. This reached only by busting the unions and against the background of extremely low expectations of the British to the State.

A target of 10% reduction in output in Greece is therefore unrealistic. A Greek exit from the euro-zone would be no disaster. Greece could devalue its currency and would in the export and tourism again competitive. For this solution, the banks and not the taxpayers but would contribute. This locks up with a waiver of the banks by up to 40%.” Press contact Mr Wolfgang Hummel HTW, economics I, Division 3 Treskowallee 8 10318 Berlin / Germany EMail: Mobile: 0173 24 88 523 Wolfgang Hummel is Assistant Professor of international business at the HTW Berlin. Previously he has gain extensive experiences in the field of budgetary consolidation in the Berlin Senate Administration. Hummel studied economics and law in Tubingen, Berlin and Washington D.C. company description = Wolfgang Hummel – HWT Berlin = Wolfgang Hummel is Assistant Professor of international business at the HTW Berlin. Previously he has gain extensive experiences in the field of budgetary consolidation in the Berlin Senate Administration. Hummel studied economics and law in Tubingen, Berlin and Washington D.C. Mr Wolfgang Hummel HWT Berlin, Treskowallee 8 10318 Berlin Germany EMail: website: Mobile: 0173 24 88-523