Like the Greeks say they pretend to pay us and we pretend to work.
The thing with the indoor farming is you can enforce a lot more consistent product quality as you control the whole system a lot better. It may also make sense in places where there is a lack of space to use sunlight like in densely populated areas (they also call this vertical farming for a reason).
As for sugar I suspect someone will find out a way to make it cheaper using a wholly chemical path eventually.
Yeah. The entire WORLD (how many countries are part of the IMF anyway?) contributed pennies to it.
I was wrong. You were right. Get your Pyrrhic victory and run with it.
The Weimar Republic had private banks able to emit currency. This won't be the case here.
A bit of inflation isn't a problem. Of course it will be higher than with the Euro. But that's the point. To destroy debt you have to inflate it away.
How many of those 32 billion Euros came from Poland? Yeah right.
No. He has DOLLARS stashed somewhere from when he worked for Valve in Texas.
He's too smart to stash his money in Euros.
So did it collapse your economy when you started your Revolutionary War to get independence from the UK? I heard people did not want to pay taxes on tea to pay that were funneled to the British government or something. That these taxes were decided without input from American citizens. By your take on things the USA should still be part of the Commonwealth.
The problem is not the Euro its the way it was constructed.
The current leadership is not interested in any fix since they profit from the current situation and allows them to boss other people around.
Greece spends 13% of its tax receipts to pay for retirees and 50% of its tax receipts to pay interest on debt.
So which is the problem here?
If you lend me money so I can build an airport by paying to your company and then, when I cannot pay the debt back, you ask me to sell the same airport to you for a fraction of the cost at the same time you ask me to pay back the money you initially loaned me...
What does that make you?
No man. The people left the country because investment dropped off a cliff and unemployment climbed up at the same time taxes increased to counter receipt loss from what I just said before. Greece has been in a recessive death spiral since 2008.
GDP fell and unemployment is at 25%. A lot of people left the country. So tax receipts fell and the pensions system can no longer be sustained. So was this a problem with the pensions or a problem with a failed economy thanks to the measures of the troika?
So are the USA and Saudi Arabia. So was Greece back when the IMF lended money to Poland back when they hadn't paid anything to the IMF and requested their loan.
The IMF loans are a pittance compared to the ECB/Eurozone loans.
They work a lot more hours than the Germans at least.