“In politics, you have to take risks, otherwise you're part of the
problem, not the solution,” said Former Greek Prime Minister George
Papandreou, speaking on his attempts to stabilize Greek bonds
and drive their value up.
Greece is part of the European recovery as they continue to make huge fiscal strides, cutting the deficit by $1 trillion US equivalent. Papandreou thinks the emphasis on austerity was misplaced, as the system needs reform.
The economics of the peripheral countries need to be reorganized, not forced into austerity.
Cooperation and a stronger Europe will be crucial to the success, as Draghi's comments proved. Draghi gave the system confidence when he came out and offered to do, “whatever it takes.”
and drive their value up.Greece is part of the European recovery as they continue to make huge fiscal strides, cutting the deficit by $1 trillion US equivalent. Papandreou thinks the emphasis on austerity was misplaced, as the system needs reform.
The economics of the peripheral countries need to be reorganized, not forced into austerity.
Cooperation and a stronger Europe will be crucial to the success
, as Draghi's comments proved. Draghi gave the system confidence when he came out and offered to do, “whatever it takes.”
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