All kind of leftist are complaining that IMF imposed austerity measures on greek people, and IMF is to blame for all what happened bad in Greece.
Like the contemporary Greek politicians, the Roman emperors overspend. The result was that they were either killed by rioting legions or by the barbars.
Luckly for greeks now they have IMF and international finance, that have no desire to kill their men and enslave their women and children like in greek antiquity. All they want the public utilities and banks against some loans.
If you spend more than your means you will end badly, regardless of economic system.
It is Arithmetike science of counting,that tells you that the revenues must be greater than expenses.
Now Tzipras must use Oikonomia the old science of household management to increase revenues, and reduce expenses.
If Greece wants to break the financial dependence, it must create it's currency.
But the trick is that drahma has competition from other currencies.
The success of nations has reached a level in which interstate competition undermines weaker states, leading them to dissappearence.
The western states by better life quality attracts young Romanians who are leaving the country weakening it.
Euro by its stability and power, undermines any regional concurrent.
If drahma wants to succeed it must be a better currency than euro.
In times of crisis the gold is sought.
What more stable than a currency backed up by gold reserves?
Let's see how much currency can cover the Greek gold reserves.
Greece has 112.5 tonnes of gold (112500 kg) at price of 33700 euro/kg this means 3.79125 billion euro. The GDP from 2012 224.8 billion Euros so the a currency backed only by gold cannot sustain the economy.
It cannot sustain even the yearly expenditure of 122 billion euro (2012 data).
Greece will be volens nolens in Euro zone.If the state will give up euro, the citizens will use it instead of drahma.
Greece doesn't have alternatives.
(Mister Tzipras bluffing when the opposing party has all the aces is not an alternative)
The only path of Greece is to stay in euro, repair its budget , while it encourages investments in new domains, with big added value.
Like the contemporary Greek politicians, the Roman emperors overspend. The result was that they were either killed by rioting legions or by the barbars.
Luckly for greeks now they have IMF and international finance, that have no desire to kill their men and enslave their women and children like in greek antiquity. All they want the public utilities and banks against some loans.
If you spend more than your means you will end badly, regardless of economic system.
It is Arithmetike science of counting,that tells you that the revenues must be greater than expenses.
Now Tzipras must use Oikonomia the old science of household management to increase revenues, and reduce expenses.
If Greece wants to break the financial dependence, it must create it's currency.
But the trick is that drahma has competition from other currencies.
The success of nations has reached a level in which interstate competition undermines weaker states, leading them to dissappearence.
The western states by better life quality attracts young Romanians who are leaving the country weakening it.
Euro by its stability and power, undermines any regional concurrent.
If drahma wants to succeed it must be a better currency than euro.
In times of crisis the gold is sought.
What more stable than a currency backed up by gold reserves?
Let's see how much currency can cover the Greek gold reserves.
Greece has 112.5 tonnes of gold (112500 kg) at price of 33700 euro/kg this means 3.79125 billion euro. The GDP from 2012 224.8 billion Euros so the a currency backed only by gold cannot sustain the economy.
It cannot sustain even the yearly expenditure of 122 billion euro (2012 data).
Greece will be volens nolens in Euro zone.If the state will give up euro, the citizens will use it instead of drahma.
Greece doesn't have alternatives.
(Mister Tzipras bluffing when the opposing party has all the aces is not an alternative)
The only path of Greece is to stay in euro, repair its budget , while it encourages investments in new domains, with big added value.
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