Greece, tragedy or a marathon!

It has been quiet for the holiday period, so now all the politicians are back, it must be time for a summit or a crucial meeting.  The subject matter for the meeting is not something new, it will be concerning extra money to go to Greece.

The debate will be between the hawks, ( Germany) and the doves,(France). The decision will of course be put back until further meetings, simply continuing the agony for all sides.  But surely, the real debate here not about Greece at all, it is growth versus austerity.  We are all aware that the Greek economy was, how can I phrase it, generous to a fault.  However, this is a fact that most people are unaware of concerning Greece.

Pressure from the EU and the IMF has forced Greece to slash expenditure and raised taxes worth the equivalent of 20 percent of GDP , which dwarfs even what Ireland went through. And that is not all, this has happened in a very severe recession.

It is not just in Southern Europe where the debate continues about growth & austerity. In the Netherlands, a general election is rapidly approaching, where the anti austerity party, the Socialists, are currently running neck and neck with Mark Rutte’s  VVD, Christian Democrat coalition. Mr Rutte, has been a strong supporter of Chancellor Merkel, so the possibility of  Germany losing support from The Netherlands for austerity packages, could well reflect on the overall decision on Greece. Everything in Europe is interwoven, no matter what any politician might say to the contrary.

So as the Summer comes to an end, Europe has to look at a far wider picture that just Greece and Spain and Italy. The question they have to answer is simple. Is it still more austerity, which will increase the chances of sovereign default, or will they be brave, and go for some  growth package to enable countries to come out of the recession.

So, what started off as a tragedy, ended up as a marathon, it could only happen in Greece.

Since last weeks blog, a large European supplier has approached Oak to be its European equipment leasing partner, and in the first week, we have arranged over €480k of European leasing. So to stay ahead of the rest, just call Oak for all of your European equipment leasing in Europe.


This entry was posted in Equipment Leasing, European Leasing. Bookmark the permalink.

12 Responses to Greece, tragedy or a marathon!

  1. Faustino says:

    Way cool! Some extremely valid points! I appreciate you writing this post and also the rest of the website is also very good.”

  2. Noah says:

    Decent site.

  3. madden says:

    Thank you so much your blog site.

  4. Bernd says:

    I am just genuinely glad to glance at this weblog posts which contains plenty
    of useful data, thank you for providing these information.

  5. Carrie says:

    It’s an remarkable piece of writing.

  6. Andy says:

    You make it enjoyable and you still care for to keep it smart.

  7. Chery says:

    Hi there, I enjoy reading all of your posts.

  8. Louis says:

    Great site you have here. It’s difficult to find excellent
    writing like yours these days.

  9. Cindy says:

    It’s in point of fact a nice and helpful piece of information.

  10. Caroline says:

    Your post has lifted the level of debate

  11. Hans says:


  12. Emma says:

    I really admire the hard work you put into your site and in depth information you provide.

Leave a Reply to Hans Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.