Began mucking around Eurtostat statistics, which are really well presented. For example, below shows me that Greece has been sending a decreasing percentage of its exports to other European countries. Don't know what this means, but it is interesting. Doubt if I can make sense of it all in a day or two, though.
Someone reported acnecdotally this morning that Greece now imports food where it used to produce it itself. If that is true, might this mean people are eating some of the better European foodstuffs!!?
What is really troubling about this debt drama is that Greece borrows by itself, and not the Eurozone (which shares the one currency). Thinking about it, it is odd. The Us is part of the IMF as one member, so is Canada. Percentage of voting right varies, but membership rules appear quite clean, except for Europe. Is this not part of the problem? Europe as a whole might be profiting from more money in Greece, but how would we know? They feel obligated to control things in Greece; it might make more sense if it was all from the same pot. Just saying...
No comments:
Post a Comment