3 ms·
I'm astounded at the fight here between pro and contra austerity. It's not about to save or not to save - it's about where to save. Greece could (have) bailed o
by endymi0n 11y ago
I'm astounded at the fight here between pro and contra austerity. It's not about to save or not to save - it's about where to save. Greece could (have) bailed out itself with just a semi-decent stab against rampant corruption, without endangering the common people at all. Switzerland offered to collect billions of Euros of Greek tax offenders on Swiss accounts on their own. The List with the names "disappeared", and some years and dozens of questions later, reappeared with half the names removed. Switzerland's still waiting for Greece to make a move. While the last weeks were all about the 1.5 bil EUR rate, Greeks moved 3 bil EUR out of the country every fricking day. Greece infamously doesn't even have a register who owns which property and real estate.
Greece is still in the top 5 state: of military spending per capita, and the list goes on.
No matter how much money you pour into this banana republic, it's just going to evaporate on the way there.
Still, their best option is probably where they are going already: a proper default and return to a weaker currency, just as it helped iceland.
http://netrightdaily.com/2015/06/icelandic-default-could-save-greece/ http://netrightdaily.com/2015/06/icelandic-default-could-sav...
Still won't help, if they don't tackle corruption as well.