June, 2015 Archives

22
Jun

Grexit – Do We Have A Deal?

by Riaan Nel in Global Economy

Greek Prime Minister

Sky News from Britain provides a nice overview of the potential deal between Greece and her creditors here (http://news.sky.com/story/1506133/hopes-raised-of-eu-deal-over-greek-bailout.)  However, most of the pension cuts will be funded by increased employer contributions, i.e. tax cuts.  I think Greece are being pushed too hard to institute austerity measures.  Austerity should be phased in over a longer period of time.  This, notwithstanding, the Greek government will have to cut pensions.

Midway through the article there is a nice little video on the Grexit.