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Greece Gdp Dives As Cabinet Aims To Back Austerity

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http://www.reuters.com/article/2011/06/09/greece-idUSLDE7580I620110609

Gross domestic product tumbled 5.5 percent in the first three months of this year, the official numbers showed, far more than a earlier of flash estimate of 4.8 percent.

Emilie Gay, an economist at Capital Economics, said that bode ill for Greek attempts to meet targets for cutting the budget deficit which the international lenders have prescribed.

"We expect the economy to contract by 5 percent this year. For us this means Greece will fail to meet its targets as it did last year," she said.

Fairly massive revision can’t do credibility much good. Where can Greece go from here?

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Greece can be at the forefront of a new, populist movement for freedom and democracy in Europe

by ditching the Euro and telling the EU to f*ck off.

:blink:

If they don't crack on quickly and throw their government out (again) the bankers will have taken everything and they'll end up having to retake assets by force.

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If they don't crack on quickly and throw their government out (again) the bankers will have taken everything and they'll end up having to retake assets by force.

how? at this rate they won't even have any scrap metal left to make pitchforks.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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