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"Do you mean anything other than "stopped lending additional funds" here?" That's the switch which they can use to turn everything off, but what is also prohib
by crdoconnor 10y ago
"Do you mean anything other than "stopped lending additional funds" here?"
That's the switch which they can use to turn everything off, but what is also prohibited is implementing policy to actually dig them out of this hole without needing additional lending assistance which you'd think the EU would be in favor of if being paid back were actually their goal.
>By whom? Where? When?
Pro-EU Greek judges, aided and abetted by opposition parties:
https://www.theguardian.com/business/2015/jul/27/greece-crisis-yanis-varoufakis-admits-contingency-plan-for-euro-exit https://www.theguardian.com/business/2015/jul/27/greece-cris...
It's worth noting that not everybody in Greece is against Greece's harsh treatment - some are profiting from it, in fact.
Anyway, that was basically the only route out (issuance of a new parallel currency or tax anticipation notes) and it's telling that the ELA got switched off in the following few days and how furious many in the EU were that he actually had a plan to get out.
>As I said, Greece's treatment could have been a lot better, but this doesn't apply to the UK.
Greece's treatment is inhuman. The EU was directly responsible for triggering a humanitarian crisis not even to get their money back (that debt is clearly a lost cause since 2011), but simply to inflict punishment for punishment's sake.
No, it doesn't apply to the UK. There are a lot of parallels though, mostly because the Tories and Labour's Blairites share a similar ideology to the ideologues at the ECB.
Greece's treatment demonstrates the depths the EU appears willing to sink to, however. Past behavior is indicative of future behavior.