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

Of course, Greek private debt is pretty low comparatively. It's the government that overspent. So it's not really a matter of buying too much foreign stuff as much as it is too much foreign fuel, or foreign military weaponry, etc. The BMWs flying around Athens are reserved for the privileged.

by Upstate NY on Thu Jun 16th, 2011 at 06:40:54 PM EST
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