dinsdag 21 februari 2012

Greek feta to be saved another time.

And yup, it is through. The European Union will, again, give subsidies to the Hellenic Republic. Another 130 billion Euro's will be sended. Nevertheless, also 15% of the Greek debt will be remitted. Now I would like to ask myself the question: if Greece is going to fail, then why would you still give money to a bottomless pit? 
 For instance, I have a 15 years old child who seriously wants to have a certain game for around 50$. If I am his parent, then I will grant it him for sure. On the other side, I will ask him to do more jobs in and around the house. Doing dishes, cutting the grass, that kind of stuff. This learns him having more a good habit with money then giving him money on a regular base. 
 Now I know that Greece is already doing good stuff on cutting budget on many irrelevant things, but they forget one thing. On the same time the bureaucracy is going away, the big rules to start companies (thus the basics of a free market economy) is still in effect. This results in big corporations having a monopoly on the market. If you would make it easier for the citizens to start a company, then there would be fierce competition. Not only between the small business, but also between the small business and the big corporations. If Greece is smart, then they would stop giving money to the big corporations and loose the rules to start small business.

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