australia to contribute up to $500bn to imf, page-37

  1. 660 Posts.
    lightbulb Created with Sketch. 9
    The Greek central banker has talked about it (the drachma), saying they would, in effect lose 60-70% on the changeover.

    This is a good indication that Greek wages and public service need to lose 60-70% to get back to reality.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.