Comments by "Paul Aiello" (@paul1979uk2000) on "The Greek Economy is Still Struggling 14 Years On" video.

  1. Not without major reforms to the economy, in fact it could make things worse because devaluing the currency is the easy option which works in the short term but the core problems are still there, longer term it would have made the situation much worse in Greece. Also, let's be blunt about this, without the EU and Euro backing, the problems in Greece would likely have been a lot worse now. What's actually needed is less scapegoating and more major economic reforms to push economic growth, what we are actually seeing is foot dragging on the reforms, that is where the real problem is and the EU can only do so much to help, Greece has to want to help it's self, so leaving the Euro isn't the solution, in fact it would likely make things a lot worse for Greece because the Euro is backed by a lot of stable countries which is helping to keep Greece an afloat, without that, without that, trust in Greece would likely plummet and it could end up being in the situation that Venezuela have been through which no country wants to go through that. So yeah, do major economic reforms, improve workers productivity and stop using scapegoats of others for the problems in the country, that's how Greece can solve these problems and for that, you need bold leaders in Greece to push for these major reforms because it won't be easy to achieve but that the only way I see Greece getting its self out of this hole it keeps digging it's self in.
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  2. It's easy to blame others for one's problems, a lot of countries use others as scapegoats to cover the core problem back home, it usually just makes things worse and keeps the misery going. Many in Greece like to blame the EU for how things are, the truth is, the EU and especially the Euro, acted like a cushion on the damage that without them, things would likely be a lot worse in Greece now. In the end, what's really needed is major reforms to kick-start the economy but we keep seeing a lot of blame games and foot dragging and Greece is not the only one to blame many of their problems on others, Italy and Spain does it as well. Also, working the longest isn't the solution, working smarter is, productivity levels is the key.
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