Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Low salaries beget new investment, and if the domestic capitalist are bled dry, it will come in the form of foreign direct investment.

Want to bet on how long it takes for FDI into Greece to pick up? Do you think it makes a difference how many people die of the effects of economic depression in the interim?

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Migeru (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 07:51:01 PM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series