Auto verkoop in Griekenland.

Even tot rust komen, iets leuks meegemaakt of gezien of gewoon even lekker ouwenelen
Kom binnen..... er is altijd een plekje vrij

Auto verkoop in Griekenland.

Berichtdoor volantevantage » vr 04 nov 2011, 10:41


Image: Reuters

The simple (and correct) story is that the introducing of the euro made borrowing super-cheap, and that fueled a car consumption bonanza in Greece. And, well, you probably don't have to be a rocket scientist to guess which country made all the cars that the Greeks snapped up like crazy (spoiler alert: Germany).

So if Greece is ever going to work, there needs to be a system that resolves this problem, whereby Greece (and the rest of the PIIGS) are basically big credit-fueled consumers of goods from Germany. One solution, obviously, is fiscal union (having the Germans continually transfer money to the periphery), but the politics of that are going to be really tough. Another solution is for the Greeks to become ultra-productive makers of fine manufactured goods (like the Germans are) but we don't see that happening soon.

Regardless, merely fixing the current "debt problem" doesn't get at the underlying problem.

Please follow Money Game on Twitter and Facebook.
Follow Joe Weisenthal on Twitter.
Ask Joe A Question >

Tags: Greece, Euro Crisis | Get Alerts for these topics »

Read more: ... z1cjCChpcw
Berichten: 1403
Geregistreerd: wo 22 sep 2010, 07:22

Keer terug naar MC Café

Wie is er online

Gebruikers op dit forum: Geen geregistreerde gebruikers. en 3 gasten