Post by arfankj4 on Mar 6, 2024 5:55:45 GMT -5
This happened in Brazil in the early s and in Argentina in the early part of this century when similar desperate policies were enacted. The experience in South America of bank holidays capital controls and default are not encouraging. There is a mistaken view that these countries fared well after these actions were taken. reignite its economy but not before extreme hardships took their toll—imports were extremely expensive medicines could not be found ordinary citizens income was cut by a third vulnerable groups suffered.
A But more important fifteen years later the economy continues to decay inflation is rampant and many people continue to suffer. Whatever the outcome of the Greek referendum what s necessary for the future is sustainable growth. The view that monetary sovereignty independence could be used wisely does not Poland Mobile Number List take into account that the type of government that has driven Greece to the edge of the cliff is not the type of government that would enact the reforms Greece needs to grow including better tax collection better infrastructure and a better business climate.
Another ingredient that makes this situation so sad is that the Greek people want to be part of Europe and Europe wants them to be part of the European Union. Unfortunately the government s promises that life as the Greeks have come to know it could go on as usual were out of sync with reality. Hopefully cooler heads will prevail in the days ahead. — Laura Alfaro Laura Alfaro is the Warren Alpert Professor of Business Administration at HBS.
A But more important fifteen years later the economy continues to decay inflation is rampant and many people continue to suffer. Whatever the outcome of the Greek referendum what s necessary for the future is sustainable growth. The view that monetary sovereignty independence could be used wisely does not Poland Mobile Number List take into account that the type of government that has driven Greece to the edge of the cliff is not the type of government that would enact the reforms Greece needs to grow including better tax collection better infrastructure and a better business climate.
Another ingredient that makes this situation so sad is that the Greek people want to be part of Europe and Europe wants them to be part of the European Union. Unfortunately the government s promises that life as the Greeks have come to know it could go on as usual were out of sync with reality. Hopefully cooler heads will prevail in the days ahead. — Laura Alfaro Laura Alfaro is the Warren Alpert Professor of Business Administration at HBS.