Worst performing economies in 2016. Notice anything?
Our economy isn't very diversified so stagnation, poor performance and loss of competiviness in industries that used to mean a lot for the economy (metal, electronics, forest) mean that our country has trouble recovering. Also small economy means in our case exports makes up a large portion of our GDP and Russia sanctions hit us hard because of it. Doesn't help that we can't have independent monetary policy because we use euro.
Compare this to Sweden for example. Like all countries, they got hit by the financial crisis but recovered fast because they 1. have their own currency which allows better adjusting to the crisis through more flexible economic policies and 2. their economy is more diversified.
hell yeah tied with Japan brb packing my shit and moving to the promised land to fulfill my dream of finding a Japanese qt gf and watching fireworks while wearing a hakama and drinking an ice cold asahi beer
This must be the reason i cand find a job
>greece is the richest Country in europe
>1. have their own currency which allows better adjusting to the crisis through more flexible economic policies
Truest and perhaps only accurate thing ITT.
If Greece had its own currency they would be flying right now.
Having the power to devalue your currency to boost your economic outlook has proven to be successful again and again for like the last 50 years.
Eurofags either need to all get on board with a fully economically integrated union or drop that euro shit.
It makes ZERO sense for Greece to be using the same currency as Germany.
No fucking sense at all.
Spaniard losers are done with the system and not getting the money they """"deserve"""". Slow growth isn't enough for them, they want everything NOW! like with their parents, and won't take "get a job" for an answer.
They want to break the economy so that everyone can have prosperity, and they want it now!
>Eurofags either need to all get on board with a fully economically integrated union or drop that euro shit.
this would only work if eastern europe was out.
and are you sure it would be good to devalue one's currency instead of having one that you know won't devalue? it'd be a kind of a trap, like growing at the expense of becoming china-tier
The best performing are around the 1% mark, indicating a deceleration in worldwide growth, while four corrupt shitholes are the worst performing and one that combined lazy management and being cucked by Germany deepening their downfall started in 2008.
What should I be seeing?
If you have a powerful neighbor and you depend on either cheap exports or tourism devaluing your currency is the best thing you can do.
Suddenly Greece becomes an extremely attractive place for EU citizens to visit and invest in.
That's what Greece used to do before they joined the euro.
You're clueless m8. They only reached rock bottom because they realized only when things got on fire that what the ECB was pushing was completely bullshit and didn't work.
Varoufakis was right.
IIRC the Eurogroup talks he participated he was not taken seriously and everybody played deaf on his proposals. During the last moments they were reaching agreements without any Greek input, that's why I said you got cucked.
>EU kills trade with their largest trade partner
I never realised germany was trying to kill it's own trade with funland
>Apple kills paper products
Nah, when the 2 billion chinese and indians learn how to use toilet paper the money cannot be stopped.