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because this is a red herring, likely not true, and besides the point: the point is that the 5 years of austerity, privatizations, and privations have ruined th
by justaaron 11y ago
because this is a red herring, likely not true, and besides the point: the point is that the 5 years of austerity, privatizations, and privations have ruined the Greek economy, made it impossible to achieve the surplus goals mandated, and basically ensured that there will be no way to exit the debt. further application of the same medicine is stupid, unless you are TRYING to destroy and divide-up Greece, hence the metaphors discussed.
A constructive economic policy needs to replace austerity as the Eurogroup medicine for economies like Greece, as we can see that it doesn't work.
There is also the issue that you seem to be unaware of how the actual situation has progressed over the last decade, the last 3 Greek governments, the surpluses achieved in a short period of time during attempted reforms, the negative effects of privatization, capital flight, etc.
There is also the issue of you thinking that German or other EU taxpayers are being asked to bail out Greece. The ECB run the Greek central banks. Those banks have gotten over 1/3 of all bailout assets for recapitalization goals. Interest earned on Greek money is being held by the ECB. The Greek people didn't need any of this to live. They grow more food than you do in Germany, and the entire economic game was set-up in Benelux, Germany, France, etc, anyway, and the Greek economy was never at their level in the first place, and so a common currency was filled with lots of German Submarine deals etc. Look at your auto industry. I live in Portugal. We don't make any cars here anymore, except so-called-German-ones (VW) or French ones. The profit chain always leads back up north. We are just the dummies making your olive oil.
If the Eurogroup wishes to defend their senseless actions, they will of course suggest that you, the bloc taxpayers, are on the hook. If you are smart enough to see through their attempts to divide, you will see that the bloc IS paying for all of this clowning around, all of the time, and that the problem is related to the general European banking sector's relationship with international finance, the ECB & national-bank relations not being linked to any public policy we can meaningfully democratically participate in, wolf-like behavior of groups like the IMF, and I'm sorry to say the Eurogroup, and their economic interests etc...