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Old May 4 2013, 04:28 PM   #1
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Greece's Underlying Policy Problem.

Basically this, is Greece's current financial problems a result of it's monetary policy, or it's fiscal policy?

I feel that the underlying problem, the original source of the problem, is the Greek government's long term unwillingness to enact a reasonable fiscal policy. Especially since it joined the eurozone.

If it had had a realistic fiscal policy over it's recent history, it wouldn't be having problems today selling bond/securities.

Or is the true core of the problem Greece's fiscal policy?

What say you?

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