الوسم: Greece

Well, it’s a no in the Greek referendum to the EU/IMF conditions for new loans.

I’m thinking there’s only so much the EU and IMF should do to help Greece, when they won’t help themselves – with an effective tax system, lower pensions and higher pension age – just like every other European nation. On the other hand a Greek bankrupcy would be bad for European (German) economy and very bad for the Greek people.

It’s just hard to feel sorry for the Greeks, when half the country doesn’t pay taxes, and many Greeks can retire at 55. Their financial problems stem from long before the global financial crisis, and they have had plenty of time to correct the problems, but failed to do so, because it means lower living costs for the average person. Well, guess what a national bankrupcy and leaving the EU will do to them.

I guess it won’t affect me personally, since Denmark isn’t in the European monetary union, and Danish economy will only be marginally affected, but I feel bad for Greek pensionists, disabled persons, public servants and others who depend on the government having money to pay out.