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It's necessary to start somewhere. No matter what you thing of socialist policies, the entrenched corruption that was being shielded by previous governments is a huge problem for Greece. These governments spend a couple of years starving the poor through austerity, IMO the new government should at least try to increase revenue somehow.
Sure. The problem is rich people is a minority, and they can move. If there's no favourable cultural background, IMO is nearly impossible to stop corruption, tax evasion, etc...
1st Rule - The Rule of Goldman - Place technical stops based on levels where my hypothesis is broken, then never move the stop. 2nd Rule - The Rule of the Predator - Never Chase the Trade.
In every other year the euro and the Euro Zone claim attention as when they possibly come to dead, sooner or later.
If one looks back the history of the Euro Zone which backs the currency, it is getting more and more coherent and closely coupled. Keep in mind that the structure is very different than in the US and as such it is hard to impossible to compare them one on one.
So either Greece goes bankrupt and kicked off the EZ with a fall back to drahma the euro itself is just going to be more solid. Drahma can be seen as a tragedy as losing the strong euro in the country but also a chance to regain control over the county's currency. As we know a weak currency can boost the export and begin building some prosperity.
Sure the huge debt is THE Question since if it gets written down then other EZ members also might want to go that way. The whole play is around how to handle the situation without losing control over the euro itself.