English Version
If I Were from Greece

Greece has to take the responsibility for his debts, but the real depression comes from Brussel, Berlin and Paris.
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DüsseldorfWhen you were invited by friends, you would like to say afterwards: It was nice. You felt at ease and you were impressed by the things you’ve heard and seen. Unfortunately, looking back in such a pleasant way has turned out to be impossible in the case of the research tour to Greece a 20-member team of the Handelsblatt undertook in order to get information in the epicenter of the crisis. Sure, over the past days we have met courageous entrepreneurs bracing themselves against the crisis – a crisis that is stronger than they are. We have paid visits to brave officials in their raddled offices. They try to impart some order to the anarchic. We have talked to politicians who are aware of the historic moment imposed on them by fate.

But the predominant impression has been different:
We’ve come upon an exhausted country, a country suffering from a double burden: Its self-inflicted debt chaos and a European rescue policy which is only making matters worse. The results the helpers achieved could hardly be more dismal: The economic output decreases, unemployment is on the rise, young people dream of a life abroad. And the state deficit is soaring as if nothing had happened. Such a mountain of debt can’t be shed by shrinking the economic strength. Although the country initiated the toughest austerity package a Western country ever has undertaken outside wartimes its debt burden grew by 67 billion Euros; as measured by the economic strength, it increased from previously 127 per cent of economic strength to now 157 per cent of the economic power. You can’t get muscles by starving.

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If I Were from Greece

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Kommentare zu " English Version: If I Were from Greece"

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Dieser Beitrag kann nicht mehr kommentiert werden. Sie können wochentags von 8 bis 18 Uhr kommentieren, wenn Sie angemeldeter Handelsblatt-Online-Leser sind. Die Inhalte sind bis zu sieben Tage nach Erscheinen kommentierbar.

  • I am not sure how I landed here but cannot resist a simple comment. It seems to me that Germany has more "red necks" than we have in the US. If the German red necks are derived from nazi stock then it is very sad and disturbing. History has not taught them anything.

  • Unfortunately I cannot speak German.
    I just wish to point that Germany owes Greece an estimated 575 billions from the destruction and thefts during the 2nd world war. An amount that exceeds the total debt of Greece Beitrag von der Redaktion editiert. Bitte achten Sie auf unsere Netiquette: „Kommentare sind keine Werbeflächen“ http://www.handelsblatt.com/netiquette

  • Der Übersetzer dieses, ansonsten, auf deutsch, guten, Artikels braucht Nachhilfe in Englisch. Richtig wäre: If I WAS from Greece und Greece has to take the responsibility for HER debts, Länder sind im Englischen immer weiblich!!! Weiter hab ich nicht gelesen. Sollten Sie weitere Hilfe brauchen stehe ich gerne zur Verfügung.

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