Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Please correct me if I'm wrong, but is it not the case that the problems in Greece do not stem from a lack of competitivity due to elevated unit labour costs, but due to a bloated and inefficient public sector and the fact that people just won't pay their fucking taxes?

If that is so, how will the troika efforts to lower wages make anything better, even from their own warped point of view?

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Fri Feb 18th, 2011 at 10:09:26 AM EST

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