
Follow us @ twitter.com twitter.com Greece has a bailout agreement, but does the country have a chance at growing it's way out of debt as the Troika and Greek politicians continue to claim? A look at a debt sustainability assessment document leaked to the Financial Times from inside these negotiations shows that even the best-case projections used to justify the bailout don't even meet the minimum threshold publicly demanded by the IMF. The baseline scenarios, which are so rosy that it's hard not to laugh when looking at the numbers, have Greece returning to positive economic growth within two years, and an end to the recession by next year. Who is making these projection, and what basis is there in reality for them? Lauren speaks to Capital Account producer Demetri Kofinas, who says that the numbers are a total farce, and that no one has any clue what the Greek economy will look like in a year, let alone over the next two decades, which is what this document attempts to asses. And the US state department hosts the first global business conference. Looks like even Hilary Clinton is a job recruiter these days. At the same time Barack Obama is strolling around the country touting his big jobs initiatives, picking Boeing as the perfect example of what's right with US manufacturing and job creation. Well, not to rain on your parade Mr. Obama, but if Boeing is such a great example of manufacturing, why on earth is the "air capital of the world," Wichita Kansas, losing jobs <b>...</b>
Capital Account
Lauren Lyster
Demetri Kofinas
Mike Elk
Russia Today
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RT
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Wichita
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