Tuesday, September 18, 2012

Greece Has Current Account Surplus Powered By Decline in Imports

Normally I focus on Hamilton and Ontario, but the Euro region is important, especially what happens with Greece. Here's an article about how Greece now has a current account surplus, mainly due to a decline in imports. That's what pretty much has to happen in Greece for them to dig themselves out. Can they do it and stay in the Euro? Who knows, although it looks a little more likely they will stay in or at least stay in longer.

Lessons for Ontario?

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