A Quote by Loukas Tsoukalis
Greece is at a dangerous crossroads. Other countries-Portugal, Ireland, maybe Spain-are coming behind it.
Related Quotes
We are a trading nation, and we are trading with Greece, Spain, Italy, Portugal and Ireland.
One needs a comprehensive concept that decides just how much debt states like Greece, Ireland, Portugal, Spain and Italy can sustainably bear.
First of all, Greece won't go down. We're talking about a country that is capable of making change. Europe will not allow the destabilization of the 27-country euro zone. But if there were no action, then markets would start becoming jittery about other countries - and not only Spain and Portugal, but other countries in the European Union.
Economic polarization is also occurring between creditor and debtor nations. This issplitting the eurozone between Germany, France and the Netherlands in the creditor camp, against Greece, Spain, Portugal, Ireland and Italy falling deeper into debt, unemployment and austerity - followed by emigration and capital flight.
The EU is mired in deep structural crisis. Greece, Portugal and Ireland cannot survive inside the Euro.
There are too many coming from different countries. When we started, foreign players were in the minority. All the best players from Spain, France, Brazil, Argentina are going to England. And Ireland is bound to suffer.
Greece, alone, is in a very vulnerable position. If the Greeks had had support from progressive left and popular forces elsewhere in Europe they might have been able to resist the demands of the Troika, but they had almost no support. Not even from Portugal, Spain, or other left forces. They were left alone.
If we were the problem, it would be very convenient, kick Greece out, everything's fine. But what happened to Spain? What about Portugal? What about Italy? What about the whole of the Eurozone? We need more cooperation and less simplification and prejudice about what has to happen.
I have had people come to the site from all over the world. The US and Canada predominantly, but also Brazil and South Africa and Greece and Indonesia and Hong Kong and Ireland and Argentina and Spain and Israel and Australia.
If we were the problem, it would be very convenient - kick Greece out, everything's fine. What would happen to Spain, what about Portugal, what about Italy, what about the whole of the euro zone? We need more cooperation and less simplification and prejudice.
As a country that does not belong to any power bloc, India cannot afford to put itself in the position of needing multilateral support - a trap into which even developed countries, like Portugal and Spain, have fallen.
The lower interest rates fueled housing and consumption booms in countries such as Spain and Ireland. At the same time, Germany, struggling with the burdens of reunification, tightened its belt and became more competitive. All this led to a wide divergence in economic performance. Europe became divided into creditor and debtor countries.
I should be judged as a captain who went from Spain to the Indies to conquer a people numerous and warlike, whose manners and religion are very different from ours, who live in sierras and mountains, without fixed settlements, and where by divine will I have placed under the sovereignty of the King and Queen our Lords, an Other World, whereby Spain, which was reckoned poor, is become the richest of countries. Columbus is coming from the Indies as a prisoner to Cadiz.
I know people are looking at what's happening in Washington and then they also look at events in Europe, in Greece and Portugal and other places and worry about that.
It doesn't take a genius to see what happens when the entitlement state outgrows the economy upon which it rests. The time of Greece, Cyprus, Portugal, Spain, the rest of insolvent social-democratic Europe — and now Detroit — is the time for conservatives to raise the banner of Stein's Law and yell "Stop." You can kick the can down the road, but at some point it falls over a cliff.
The commerce of India does not grow, nor does that of Portugal, or of Turkey; that but that of the protected countries does increase, as has been shown in the case of Spain, and can now be shown in that of Germany.
