Austan Goolsbee - If you look at the Greek economic record, it's been very similar to the U.S. e...

Austan Goolsbee Zitate

If you look at the Greek economic record, it's been very similar to the U.S. experience in the first four years of the Great Depression. And after having a Depression-sized event, they've cut the unit-labor cost in Greece - they've closed something like half the gap with Germany.

Austan Goolsbee

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Deutsche Übersetzung

Wenn man sich die griechischen Wirtschaftsdaten ansieht, ist es den amerikanischen Erfahrungen in den ersten vier Jahren der Weltwirtschaftskrise sehr ähnlich. Und nach einer großen Krise in Depression haben sie die Lohnstückkosten in Griechenland gesenkt - sie haben etwa die Hälfte der Lücke zu Deutschland geschlossen.

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