MarkusS
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- Nov 23, 2013
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No, but by basket case you were implying life is horrible for people in those countries, while it's clearly quite richer then in Turkey. And Turkey has more population then any of those countries, naturally their cumulative GDP will be bigger. Duh.....
The PIIGS are doing better then France lol in PMI readings, and quarterly GDP. Another guy that's stuck in 2012. Why don't you go and educate yourself on how reforms are starting to bare fruit.
They don´t understand it. Portugal. Spain, Italy, Greece are in the same situation that germany was in 2002 / 2003. Germany did its homework and suceeded. Now the other countries do it too...its hard task but sucessfull. All named countries with economic trouble at the moment show better numbers now and even Greece is going upwards. Thats how economy works...its a cycle of boom and recession. Thats a normal thing and i can only laugh about people who believe a recession is forever.