Weeks of protests continue over the Greek Government's austerity measures (photo: dpa)

Economics: Where does Greece go from here?

GIS expert Professor Dr Christoph Schaltegger, an economist, author and academic who specialises in the economics of Europe, takes a look at Greece's present position in the eurozone in this Question and Answer session.

To solve the problem of excessive indebtedness, Greece has first to strengthen its growth potential considerably – with or without a sovereign default. That means internal devaluation by wage cuts, public spending cuts, cuts in social security spending and deregulation. Second, austerity measures to cut the public sector are needed in order to meet the requirements of fiscal...

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Dr. Christoph Schaltegger
In the end, the truth is that you can only consume what you can earn. Therefore, the public sector has to shrink substantially in Greece
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  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
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