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Tsirpas article is as shallow as it is boring. His statement "Greece's debt is currently unsustainable and will never be serviced" is a typical, bold, populist
by jcfrei 12y ago
Tsirpas article is as shallow as it is boring. His statement "Greece's debt is currently unsustainable and will never be serviced" is a typical, bold, populist statement, twisting reality. Greece's debt would indeed be sustainable, if it wasn't for Tsipras' recent claims that they would rehire some recently laid of government workers and stop the privatization process. The debt is serviceable, it just isn't repayable. But that's no problem since the ECB can always take over these bad loans, once the Greece government has fulfilled all the requirements for reform. When he says in his last paragraph:
I understand that, behind your 'demand' that our government fulfills all of its 'contractual obligations' hides the fear that, if you let us Greeks some breathing space, we shall return to our bad, old ways.
Then this is exactly the reason why the debt needs to be retained. Tsipras has already proven with his recent actions that he's very tempted to return to the "bad, old ways" of Greece government spending. European solidarity means helping out equal partners in the union, it does not mean funding dysfunctional governments at the expense of others.
- imarg 12y agoThe "rehiring" refers actually to only a relatively small number of employees (~3500) that were unlawfully fired. They went to court and won their case but the previous government still refused to take them back. And because most of them were actually suspended and not really fired they were still receiving 75% of their wages. This means that financially speaking the extra cost is a drop in the ocean. I do not know if Syriza's politics/policies will be successful but keep in mind that most of what is circulating in media, both in Greece and abroad, are usually half-truths and sensationalist journalism. When the crisis started a lot was written about Greece's big government and its spending. After the dust settled down and more dispassionate voices were heard, a good look at the data showed that Greece's government and spending was more or less around the EU average. But by then no one was paying attention.