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You have to make foreigners buy more of your stuff, or buy less foreign stuff.

Obviously. And this is quite clearly, up to Greek consumers and companies. Buy less foreign stuff, make better stuff at a lower cost.

It's a matter of inadequate German wages causing a demand shortfall in the Eurozone, and that demand shortfall hitting those countries which did not engage in irresponsible wage suppression policies.

You know I agree partly here, but nothing stops Greece from looking beyond the eurozone for markets for its exports. It wouldn't be alone in that.

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

by Starvid on Thu Jun 16th, 2011 at 05:41:03 PM EST
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