Greece's problems will be intensified by these events, plus the serious shortfall in resource capacity per capita. Greece' s real solution therefore is depopulation or degrowth per capita to bring its physical input and outputs relationships back into a sustainable relationship.
Old economic thinking is never going to work for Greece, and the many more Greeces in the pipeline, until policy-makers solve the physical economic issues. That's the new reality when nations pass "peak everything" on a country to country basis hitting the slippery downward slope..
Stay tuned - there is much more to come!
Either way, we are in for a massive global credit crunch, at some point, when the Bank's start writing down this debt.
plummeted by 10 percent, there were changes in how much Americans consumed, what types of products they consumed, the balance of manufacturing and service industries, and the quantity of energy used per dollar of products produced. Together, these changes account for more than three-quarters of the decrease in emissions between 1997 and 2013, with changes in the mix of fuels used to generate energy accounting for just 18 percent, Davis said.