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Topic: German economic conditions are holding up despite the Greek crisis - page 2. (Read 2263 times)

legendary
Activity: 2296
Merit: 1335
Don't let others control your BTC -> self custody
debt driven impoverished third world nation out of Greece

Greece is obviously not the best country right now, but despite their issues they are still ranking Very High on the  Human Development Index - unlike China, Brazil, India, Russia or Turkey.

That's how you get into debt. You offer high salaries and good services to your citizens and don't demand anything back.
In India there's almost no hygiene and people are eating street food made in unacceptable conditions, while in Russia a lot of people still have to collect wood every day to keep their houses warm.
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
Well it will be an issue if ITAY, SPAIN, IRELAND, PORTUGAL also look to default on their EU Loans so fine if the EUORZONE doesn't want to help the Greek Economy grow and just want to create a debt driven impoverished third world nation out of Greece, others will rebel also and say f*ck you you to the EU..excuse my Frenchies.  Grin
legendary
Activity: 3248
Merit: 1070
i've always believed that greece crisis didn't matter much, they are tiny in comparison with other countries in the euro zone, even if they were going out of the euro, would not change anything
newbie
Activity: 49
Merit: 0

April's rise in the Ifo German Business Climate Indicator (BCI), from 107.9 to 108.6, suggests that economic conditions are holding up despite the Greek crisis and comes as a relief after falls in the ZEW and PMI surveys. (Data released on Friday.)

But while the index measuring current conditions rose, the expectations component fell for the first time in six months.

"The Ifo has tended to lag a little behind the PMI equivalent index in past cycles, so if the downturn in the latter is sustained, we would expect the Ifo to follow suit before long." said Capital Economics

(Source: http://fxwire.pro/German-economic-conditions-are-holding-up-despite-the-Greek-crisis-29315)
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