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When the financial crisis hit, almost every country on this planet increased public spending and introduced stimulus package after stimulus package in order to
by pfg 11y ago
When the financial crisis hit, almost every country on this planet increased public spending and introduced stimulus package after stimulus package in order to help the economy back on its feet.
Greece is in a situation where their economy desperately needs any kind of stimulus. Instead, the rest of Europe decides to make an example of them by forcing them to implement austerity measures that target the masses (and not the tax-evading elite) because that is the fastest way to collect more taxes and cut public spending in a short timeframe (VAT increases, pension cuts). This is the total opposite of what Europe was doing when they were hit by the crisis.
Obviously, the European leadership wasn't happy when someone who understood this and was willing to speak up about it came into power in Greece. Luckily, the media was happy as ever to make this a human interest story and focused on Varoufakis' lifestyle instead of actually looking at what they were trying to achieve and how Greece was in an impossible situation. They've been in power for about 6 months now and are somehow responsible for all the tax evasion, public spending mistakes and, really, anything else Greece gets blamed for.