Gigantic difference

The difference in GDP between Greece and Poland right now is enormous. While in 2004 their GDP was about the same. But Poland grew at a rate of about 7% per year for over 20 years. Which is incredible, but it has its reasons.

While Greece got in an enormous debt crisis in 2009 and was forced to implement severe austerity measures for a decade and more.

In the meantime Poland received quite substantial aid from the European Union in exchange for entering and following the EU guidelines.

So while Greece was held back hard, Poland got quite some pushes in the back by EU money. This example shows how Western countries can thrive but there has to be an input of fresh funds. You can call it an addiction to easy money and debt! In the meanwhile, austerity can put a country in poverty fast!

It’s about time we implement a new economy that is not dependant on debt!

Sincerely,

Pele23

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