GREECE COULD DO IT

In recent years, Greece is in the spotlight by the European Union in terms of their economic policy.

The fact is that Greece has an economy firmly grounded on high public spending, which has produced over the years an inevitable increase in public debt.

Currently, as the European economic system provides for the adoption by member countries of economic policies based on a drastic reduction of the deficit-GDP ratio, which has put serious difficulties in the already fragile economy of Greece.

Greece, for its part, recently, under pressure from the European Union, has seen a remodeling of its public spending, making drastic cuts to pensions is that the public salaries, as well as increasing the tax burden.

All this, however, has been reflected in a drastic reduction in public spending on the one hand and the impoverishment of its population on the other.

To solve this difficult situation that has arisen within the economy greek, should revise and restructure the repayment of public debt, by extension of the same for a few decades and by converting part of the debt in irredeemable.

It should, on the other hand, that the European Union destinies more resources to Greece to allow her to get out of this impasse that has arisen, giving a boost to the entire Greek economy.

Of course this solution is not easy to take, but forcing Greece to comply with the policy of austerity imposed by the European Union, you will only continue to starve the already suffering people of Greece.

We hope that as soon as Greece can return to being a “great country” as history teaches us.

ALESSANDRO PIGNATELLI

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