Greece Dares to Hope



tromaktiko4117The Economist published one more article about Greece on May 4. This article, on a somewhat different wavelength, had the title Greek economy: Daring to hope, fearing to fail, and focused on the prevalent situation in Greece, the hopes for changes in the economic sector as well as the difficulties that still exist.

The article begins by mentioning this year’s lower participation in the May Day demonstrations in central Athens compared to previous years. It then underlined as positive that, despite the crisis, the shopping street of Ermou, which ranks tenth on the list of the most expensive retail streets in the world, remains busy, while in Kolonaki, an upmarket district in Athens, some new shops have opened as rents have been reduced. The Economist also added that a promising sign for the Greek economy is the important rise in tourist bookings to Greece for the coming summer season.

“A turnaround must occur sooner or later: GDP has shrunk by 20% since 2007. The ordeal is not over. Output is forecast to fall by a further 4.4% this year, not least because of more austerity. But the measures are having an effect,” says the Economist. The article stresses the importance of the role of the banks whose recapitalization is now being completed.

With the highest rate of unemployment in Europe, the minimum wage down by 22 percent and more taxes than ever, it is obvious that Greek employers cannot find the way back to development. As far as foreign investments are concerned, Greece remains an inhospitable place to run business, while bureaucracy poses a lot of burden.

“The Greek economy is at a precarious point. Despite the surveys showing a revival in confidence, many businesses remain downbeat,” noted the Economist, concluding that “Greek society, struggling with a youth-unemployment rate of almost 60%, is reaching a limit on how much pain it can endure. If a recovery does occur, it may be in the nick of time”.


7 COMMENTS

  1. Just more lies and propaganad from the New World Order Press squad… The real CRIMINALS in Greece are PASOK & ND who created VIOLENCE against its own Greek
    People thru bullying and creating immunity for their crimes in and out
    of Parliament, and the over-use of using harsh Police brutality to stop
    Protestors and citizens from voicing their God given “Freedom of
    Speech.”
    So who are the REAL CRIMINALS creating all this hatred and Financial Mess in Greece?? Look
    to the Greek Coalition Gov’t of crooks, liars and thieves like Venizelos
    and Samaras!

  2. ATTENTION:

    The British Econonist management and editorial board are racaist against Greeks. They have been long time apologists and lobbies for the Skopians (including non-Economist branded companies that belong to Economist Group like European Voice)

    A. they pretend not to know the UK used to strongly support us on this macedonian name issue (military so I might add)

    B. The attack our identity like the Skopians too

    C. They bizarerly trying to insinuate that ancient Macedonians were not Greeks

    D. The pretend not to notice the Skopians transformation into “ancient macedonians: from Slavs. (including pretending not to know the blood obvious, The Skopians are most ethnic Bulgarians that just renamed themselves “ethnic Macedonians”)

    E. They pretend not notice the Skopian govenrment quietely encouraging their citizens to see Greece as “Greek occupied Macedonian”.

    Basically the Economist is now playing the role of the Comitern. They are literally trying to ethnic delete us to cover up their shame of recognizing the Skopians.

  3. You would know all about falsification Bulgarian. You have nothing to do with ancient macedonians champ. If you did, you would have considered ancient Greeks your ancestors.

    “The creation of the Macedonian nation, for almost half of a century, was done in a condition of single-party dictatorship. In those times, there was no difference between science and ideology, so the “Macedonian” historiography, unopposed by anybody, comfortably performed a selection of the historic material from which the “Macedonian” identity was created. There is nothing atypical here for the process of the creation of any modern nation, except when falsification from the type of substitution of the word “Bulgarian” with the word “Macedonian”
    were made.” – Denko Maleski, former Minister of foreign affairs of FYROM

  4. Correction:

    British should say MODERN British. The original British died along time ago.

    Today’s modern British that work at the Economist are unrelated multi-ethnic group that just adopted the ancient name and assimilate citizens into a British identity.

    For instance, the original British’s language used a Runic not Latin alphabet like the neo-British Economist staff use. Unlike Greek that is has many words in common with ancient Greek, the modern British can in no shape of form understand what they frame as “old english”. And unlike Greeks, the culture of the modern British is completely unrelated to the ancient stone pushing British. Then even have a far more tenious biological relationship than Greeks to the original British (as the Anglo-saxon, Jutes, Basque and others that replaced the original British FOUGHT their invasion but lost) Todays modern British even include Africans, middle easterners and Asians who are being slowly assimilated into a modern British identity.

    We should look forward to the day that the Germans call themselves ethnic Anglo-Saxons (who actually have a better biological case for it then the modern assimilated British do for it) and claim some German dialect is is actually “English” while suggesting large tracts of the UK are “modern British occupied England” … while the rest of the world pretends not to notice.

    Perhaps then the pretentious hated filled modern British at The Economist would better understand the pain Greeks have felt when they decided to betray long time NATO ally Greece and bizarrely reference the former Yugoslavian propagandists as “ethnic Macedonians”.

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