Wither Greece?

An economy is based on the movement of money, thus anything that improves movement improves the economy.The poorest elements in any economy spend money as fast as they get it, if nothing else to pay off debts. Feed the base and the economy will grow.This holds for countries as well as people.Austerity is nothing more than trickle-down under another name -- a failed concept.Enjoy.

to add to what anglagard said ... Which are useless if nobody can buy them. And yet the problem was not with manufacturing of product but with an absence of people buying the product ... because they did not have the money to buy them.Making products doesn't put money in buyers pockets, what puts money in buyers pockets is fair return on their investment in the production -- a proper compensation for work rather than starvation wages.That is why bailing out the rich did not result in recovery. Giving money to the rich via tax cuts and bailouts has only made the economy worse by removing money from the pockets of the spenders to put it in the pockets of the hoarders. The problem of Greece will not be solved by austerity and the imposition of big bank deals either, the problem of Greece can be solved by feeding the base of their economy. You can't make a horse run faster by starving it.Enjoy

And the current government did not participate in that, but have inherited the result -- it's like Obama having to pay for Bushes wars ^2 ...Greece should prosecute the lawmakers and banks\financial institutions as Iceland did.