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BRIAN HAYES DOES not believe that Greece should or will get a debt writedown in negotiations with the Troika.
The Fine Gael MEP said that ultimately European taxpayers, including the Irish people, would foot the bill for any debt writedown for the bailed-out country which elected a far left government this week.
In a wide-ranging interview with TheJournal.ie this week, Hayes also discussed Greek people’s reluctance when it comes to paying tax:
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Great, 84 new real estate agents.
I’ll cross my fingers for them as I believe the Central Bank just strangled their golden goose.
The main problem we have is the amount of money being taken out of our economy to service a debt run up by irresponsible banks, both here and abroad. Until that problem is tackled there just isn’t enough money in our economy for real sustained growth for indigenous businesses. I’ve only stayed in business because I did not have huge loans to service and I was able to keep my overheads low. Ive seen plenty of good businesses go under because they can no longer sustain the overheads imposed by landlords & councils that still work on tiger prices.
Michael,
The banks were less than half the problem. The collapse of govt revenue and inability to cut the servicing of public services quickly to match revenue was just as big a problem
That’s true James.
Isn’t that it will “beat all predictions” a prediction, meaning that it can never actually beat all predictions?
Another flash in the pan.
have your say