Economic growth offers the only true path to prosperity for Greece
Ian Bell makes a number of good points about Greece and the disastrous austerity policies it is being forced to pursue ("For Greece, there is bad news, and really bad news", The Herald, February 22).
He correctly points out that the Greek economy will contract by 7% this year.
That is generally accepted, though given the scale of the cuts it may even prove somewhat optimistic. The so-called troika, however, has chosen to predict that the economy will shrink by only 3%. I think this complete fantasy shows the air of unreality surrounding the imposition of these measures.
Economic growth offers the only true path to prosperity for Greece
Ian Bell makes a number of good points about Greece and the disastrous austerity policies it is being forced to pursue ("For Greece, there is bad news, and really bad news", The Herald, February 22).
He correctly points out that the Greek economy will contract by 7% this year.
That is generally accepted, though given the scale of the cuts it may even prove somewhat optimistic. The so-called troika, however, has chosen to predict that the economy will shrink by only 3%. I think this complete fantasy shows the air of unreality surrounding the imposition of these measures.
Most read Most commented
Don't show me this again.