Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Greece's Deal With The Devil
Posted
July 14, 2015
Views
118,734
Likes
1,731
Comments
1,350
Engagement
2.59%
July 14, 2015
118,734
1,731
1,350
2.59%
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15:17Now PlayingEurozone leaders have worked with Greece to reach an agreement. The struggling nation will stay on the Euro currency and accept continued government cuts/austerity for the time being. The Greek people have been forced to double down on the same austerity that has crippled their economy and driven unemployment to record highs. "The beatings will continue until morale improves." Cenk Uygur, Ben Mankiewicz (What The Flick?!), and Ana Kasparian (The Point) host The Young Turks. Tell us what you think in the comment section below.
"That’s the gist of the deal that keeps Greece in the euro, an agreement that will deepen the country’s recession, makes its debt position less sustainable and virtually guarantees that its problems come bubbling back to the surface before too long.
…what this means is that leaving to one side the interest payments on its debt, Greece will have to raise more in revenues than the government spends each and every year. If the performance of the economy is not strong enough to meet these targets, the “quasi-automatic” spending cuts will kick in. If Greece is in a hole, the rest of the euro zone will hand it a spade and tell it to keep digging.”*
Read more here
***CORRECTION*** The correct number of Greeks killed in WW2 is 160,000.
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