archives
A rather gloomy article about the Greek economy was written up in the Financial Times, saying that Greece's good days are nearing an end and that Greece's workers will bear the brunt of the inevitable large downturn in the economy. According to the report, the "risk now is that wage growth, consumer spending and business investment will bear the brunt of an inevitable adjustment process,'' which will cause of mass exodus of Greek workers to Western Europe not seen since the 1960s. Greece immediately replied to the paper's remarks calling the report unjust. Click here for the official government response.
DF: Yes there may be a global slow down within economies around the world, and maybe the picture in Greece is not as rosy as the politicians may say, but a mass exodus of Greek workers?