Dealing With the Debt

Last Updated on

If we’ve learned anything from the history books, we will know that getting Europe back to some sort of prosterity is not going to be straight forward.  In Greece, many politicians have been poiting out that in 1990s many African countries had their debts cancelled so that they could start again.  I’m sure the Greek people would take that situation n a heartbeat.

In Africa the change came from a programme called HIPC ( Heavily Indebted Poor Countries) which provided aid to those countries who had completely collapsed.  The idea was that this reward on;y came on the back of some sort of plan to reform the economy and it’s spending.  Obviously these strategies can be of many different ilk – but for Africa an austerity strategy would cause so much more harm than a growth one.

money-euro

Avoiding austerity is obviously a popular option and many countries report that there are significant benefits. Even Germany at the end of the war where they were defeated has seen better terms.  In fact there was significant protections and reduction in crime levels when the Marshall Plan was implemented.

There are some long term difficulties though between Germany and Greece stemming from World War 2. Many Greeks would not have a problem letting Germany face the bill if their ecoonomy failed completely.  Many economists have surmised about what would happen if a latterday Marshall Plan was implemented.

If you’re interested in this stuff there some fabulous theories doing the rounds.  Of course you can keep up to date with the local tabloids but to be honest the best and most useful source of information from me is the environmental shows.  It’s definitely worth checking out the BBC and if you live outside the border areas you’ll need a proxy site, This is a way of hiding your location when you are writing in an essay.  Some sort of infnatry are still in service – Bring ’em home I say.

Further Reading

Comments are closed.