How can Greece get out of the mire?

Greece has been given £110 billion Euro’s to bail it out. It will still have a debt to GDP ratio of 120 percent in 2020 so faces years of austerity. Greece will have to tax businesses more more than 20 percent tax yet Cypus has a tax rate of 5 percent so where would you start a business? The bail out is Germany’s hope of keeping the Euro zone alive and well and stoping contagion. The Euro makes German exports artifficially cheap. German puppets now sit at the head of Greece and Italy.


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