Quotes & Sayings About Greece Economy

We have a debt the size of our economy, which makes us look a lot like Greece. — Mitch McConnell

This strategy, which was then used as the template for the rest of the European periphery, turning the majority of European states into what I jokingly refer to as Bailoutistan, was always going to backfire on the European economy. Tim Geithner and Jack Lew, his successor in the US Treasury Department, understood this well. They shared the concern that what started in Greece in 2010, with the combination of an absurd bailout and a hideous level of austerity, has put Europe into a position that undermines America's recovery and threatens the prospects of China, Latin America, even India and Africa. — Yanis Varoufakis

Goldman Sachs was fundamentally responsible for the crash of 2008, but by that time its former Chairman and Chief Executive Officer, Henry 'Hank' Paulson, had been installed as US Treasury Secretary to begin the bank bail out policy, with enormous benefit to Goldman Sachs, in the closing weeks of the Bush administration. Goldman Sachs was also instrumental in the collapse of the economy in Greece that started the 'euro panic' that later engulfed Ireland. — David Icke

In a world of massive wealth and income inequality, Europe must support Greece's efforts to build an economy which creates more jobs and income, not more unemployment and suffering. — Bernie Sanders

Greece's European neighbors were able step in and bolster the weak foundation on which Greece's free-spending budget was based. It would be difficult for any country, or intergovernmental organization, to rescue an economy the size of the U.S. if investors were ever to lose faith in our bonds because of our enormous debt. — Douglas Wilder

I was never presented with the details as far as the collective bargaining system is Greece. I am in favor of a normal system without giving the labour minister the right to extend the results to extend the result of the collective bargaining to the whole of the real economy. The government has to make sure that the results will not harm the situation of small and medium enterprises. — Jean-Claude Juncker

Many have wondered if Greece's economy would get so bad that it would eventually break away from the Eurozone - a move that could encourage other countries to follow and therefore splinter the currency union. — Jens Nordvig

It doesn't take a genius to see what happens when the entitlement state outgrows the economy upon which it rests. The time of Greece, Cyprus, Portugal, Spain, the rest of insolvent social-democratic Europe - and now Detroit - is the time for conservatives to raise the banner of Stein's Law and yell, 'Stop.' You can kick the can down the road, but at some point it disappears over a cliff. — Charles Krauthammer