2- Separate currency today?
they don’t have money to pay their debts today that they have some sort of Europe back. Imagine from day to night they separate their money. From where they will find a way to turn their money valuable?
Instead, they devalue their currency to regain export competitiveness.
This is a myth. Print more money to later back this money with some sort of product when the state still deficient and the industry is a joke just will put them inside the eternal circle of "we pay later"..
Believe me, I'm living in Brazil. I know in my daily life well how this circle works.
we had in 70/80/90 this each 2 years.
What we have today is the monetary straitjacket (the Euro) so no devaluation is possible, along with a lack of fiscal union, so no fiscal transfers will happen either. Something has to give. What's left?
What they have today is a populist government that doesn’t know what to do and is afraid of do what need to do. POLITICS.
Grecia is not solvent like argentina... they already have a reasonable internal incoming by they size.
They need to clean the state machine. Stop some crazy laws like "anticipation of retirement".. and turn they industry, tourism, agro business competitive.
Hoo, but the population will pay the price.
YES, they will. in any way they will.
but better pay a price today and in future they understand that stability come with responsibility than each 2, 5, 10, 20 years the economy hight and low go and come back and they pay the same price each time.
I know it's stupid by comparison but still valid.
Look Germany. Doesn’t have natural resources any more, lives in the middle of Europe almost 100% without sea trade exists or direct roads for the world.
Still have one or the biggest social cost in Europe and workers ones. Problems with energy all the time. but they are competitive. VERY COMPETITIVE.. How they do it?
The solution now is the politics start to think in the Greece future nor in their next elections and the citizens understand that the way they live until today is not feasible any more. their problems today under the social and economic side are not result of FOREIGN intervation of CIA or the BIG BANKS from Germany trying to disrrupt them like some crazy people love to create. The condition they have now is exactly the condition of the country . The real wealth/money/production of the country.
Yes, inefficient = be poor
Of course, maybe tomorrow, the international marked change and they start to receive more speculative capital and the government start to print more money and everyone live happy for a time buying new houses, travelling around world, buy BMW, Mercedes, drinking the best from the best and eating just the best food and everyone smiling on street.
Again1 One day the money leaves the country and they will discover that they money doesn’t have the value they lived.. and that they yet need to pay what they buy before by the same value and without money..
Is not complex. The things there is POLITICS... DO THE HOME WORK...