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Thursday, June 18, 2015

Why a Greece Budget Deal With the IMF and Eurozone Is So Hard - US News

Why a Greece Budget Deal With the IMF and Eurozone Is So Hard - US News

If some financial assistance is granted, it will buy a few more weeks to keep the negotiations alive, but it will not solve Greece's structural problems. This is a country without a viable business model, where 40 percent of its exports today are raw materials, and there is no solid and technologically advanced manufacturing base. It is difficult to understand what will generate economic growth in the coming years unless profound changes in the economy and society take place. 

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