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>or the Greeks treating the euro-wallet as a gift card You mean the Germans treating the Euro and ECB as a monetary vehicle to boost their economy and milk the
by coldtea 2y ago
>or the Greeks treating the euro-wallet as a gift card
You mean the Germans treating the Euro and ECB as a monetary vehicle to boost their economy and milk the periphery, side-stepping any "hard rules" imposed for others when it was convenient for them, explicitly carot-and-whiping the South to de-industrialize over decades, and then strong-arming the indebted states as a means to pad German investors by moving money from the taxpayers to their banks and investment firms, while buying state assets (from airports and roads to utility companies) for themselves (with a few bones thrown to the French)?
At the same time imposing stupid austerity policies (against the advice of expert economists) that made recovery impossible and amounted to war-level destruction for the economies involved?
All the while cheerfully reviving racist language and imagery (like "rats" in the european kitchen, and other such niceties, of which calling the southern economies PIGGS was among the most prominent).
- klabb3 2y agoRight. I don’t see any conflict with that and Greek corruption and mismanagement. I was always on the side of the Greeks in that battle. If you lend you take risk. If you lend to a state you can’t take their democracy as collateral. The bean counters can kindly piss off, as always.