1/ Greece is an aging country with a population of ~11 million and a GDP of ~242 billion. SV: 7 million, 535B.
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2/ If you set aside sentiment, there's no good reason for Greece to exist. Let Louvre take antiquities. Let Disney manage historic sites...
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easy there guy. still another 148 countries with lower per-capita GDP. By that logic, SV gonna end up in charge of 98% of the world
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. Yes, but other 148 aren't at the center of a major crisis. I am being mostly facetious, but to point out weird priorities.
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in any case, for better or for worse, Greece is the sacrificial lamb to keep Spain and Italy in line, show them not to dare ask for $
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Quite apart from the unnecessary fiscal elements of the crisis, Greece is also the first victim of the aging population problem
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but it is not actually a real crisis like, you know, Syria or something. It is more that EZ governance is a clownshow
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the total amount being discussed for the last couple of months is a few Billion euros, literally bps of EU GDP
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it is why the EU is not ready for the world stage. Imagine if China spent 6 years debating if Sichuan province should
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(a) leave the yuan-zone or (b) leave China overall because of a dispute re: transfer payments of few B euros
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