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Thanks for the detailed reply! You are quite right about the part where I don't understand politics. I like revolutions better! Especially, where the guilty hea

by shiven 11y ago

Thanks for the detailed reply! You are quite right about the part where I don't understand politics. I like revolutions better! Especially, where the guilty heads roll, figuratively at least. However, this looks like a terrible mess that will, more likely than not, result in a humanitarian crisis of mythological scale, visited upon the poorest and weakest members of Greek society. So why don't EU states let Greece have that much needed meltdown, but use their money to aid those most in need during the ensuing crisis? I mean, by your analysis, no one culpable takes the fall. And who is culpable, if not the politicians in power over the past decade?

Lazare 11y ago
> I like revolutions better! Especially, where the guilty heads roll, figuratively at least. The average Greek in the streets is more likely to blame German politicians than their own, so no revolution is likely. (And I'm not sure they'd be wrong either.) > result in a humanitarian crisis of mythological scale, visited upon the poorest and weakest members of Greek society. Honestly, I'm not sure it'll be much worse than what's already happened. The "internal devaluation" Greece has been forced to weather has been brutal, to the point that default and a "real" devaluation offers real hope of improvement. > So why don't EU states let Greece have that much needed meltdown, but use their money to aid those most in need during the ensuing crisis? The entire issue is that the rest of the EU (including some parts which are actually poorer than Greece, and have zero moral obligation to be sympathetic) really has no interest in spending their money to continue aiding Greece. Their voters, especially, do not. If they did, Greece wouldn't be heading towards default and exit of the Euro. But they don't, and as such, I don't think there's any good solution here. In retrospect, Greece should never have joined the Euro.

by shiven 11y ago

Lazare 11y ago

> I like revolutions better! Especially, where the guilty heads roll, figuratively at least. The average Greek in the streets is more likely to blame German politicians than their own, so no revolution is likely. (And I'm not sure they'd be wrong either.) > result in a humanitarian crisis of mythological scale, visited upon the poorest and weakest members of Greek society. Honestly, I'm not sure it'll be much worse than what's already happened. The "internal devaluation" Greece has been forced to weather has been brutal, to the point that default and a "real" devaluation offers real hope of improvement. > So why don't EU states let Greece have that much needed meltdown, but use their money to aid those most in need during the ensuing crisis? The entire issue is that the rest of the EU (including some parts which are actually poorer than Greece, and have zero moral obligation to be sympathetic) really has no interest in spending their money to continue aiding Greece. Their voters, especially, do not. If they did, Greece wouldn't be heading towards default and exit of the Euro. But they don't, and as such, I don't think there's any good solution here. In retrospect, Greece should never have joined the Euro.