Share on Google Plus 2 Share on Twitter 2 Share on Facebook 2 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon 1 Tell A Friend 1 (8 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   3 comments
OpEdNews Op Eds

Greece's new government must act fast, before the honeymoon is over.

By       Message Farid Khavari     Permalink
      (Page 1 of 2 pages)
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) ; ; ; , Add Tags  (less...) Add to My Group(s)

Valuable 1  
View Ratings | Rate It Headlined to H2 2/20/15

With all of the media attention focused on Greece's negotiations with creditors, it would be tragic if the new government were distracted from its more urgent mission: to create employment, rebuild the Greek economy, and reverse the devastation imposed by years of "austerity".[tag]

From Visit Greece this summer!
Visit Greece this summer!
(Image by danichro)
  Permission   Details   DMCA

Pundits cluck that if Greece leaves the Euro, its economy will decline by 10% (why not 9% or 15%?), Greece will face rampant inflation, capital flight, chaos, social unrest, and the downfall of the new government.

Whether Greece agrees to this or that ultimatum, extends or does not extend the "bailout", leaves or does not leave the Euro, will be moot unless the government of Greece finds a way to put its unemployed people to work and the results are felt at Greek kitchen tables.

Whatever agreement might be reached with creditors, it will not create one job in Greece. And the creditors know that by the time the next negotiations roll around, they will likely be dealing a different, more compliant government in Greece.

The new government in Greece is in that happy honeymoon period of euphoric optimism, hope and great expectations, when a government can get great things done. Whether the honeymoon lasts for weeks or months, time is running out.

The government needs to show the people a credible plan create jobs immediately and to bring prosperity back to Greece, before disappointment ends the honeymoon.

This initiative would sustain the support and enthusiasm of the Greek electorate, and would far outweigh the political fallout of whatever results are achieved, or not, in the current debt negotiations.

Despite the warnings of the pundits, Greece is in a unique position. Greece need not worry about backlash if she decides to leave the euro or to undertake any other drastic or radical measures. The government must be more concerned about addressing the needs of Greeks than those of bankers and Germans. This is where time is crucial.

Next Page  1  |  2


- Advertisement -

Valuable 1  
View Ratings | Rate It

Farid A. Khavari, Ph.D., is a noted economist and independent candidate for Florida governor in 2014. He is the author of 10 books including Environomics: the Economics of Environmentally Safe Prosperity (1993) and Toward a Zero Cost Economy (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting
/* The Petition Site */
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Seniors on Medicare overpay $1,000 per year for drugs thanks to corruption in Congress

Don't buy the big lie about the legalization of the medical marijuana in Florida!

A $10.10 or higher minimum wage will boost Florida’s economy, create more jobs and reduce government social costs.

Why war is no option against the Shia-Mullah regime of Iran?

Why corruption in Miami-Dade County must be rooted out?

"ISIS" is not the only problem in the Middle East