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tsa posted:But Greece needs to shrink, they've basically been living on borrowed money and now the tap has been turned off. Of course the standard of living has to decrease because they could never afford it in the first place. Greece is a poor country trying to pretend it can support a social system that is more generous than Scandinavian countries. Haha of course Greece must continue to shrink, it's clear that the existing 33% drop in GDP has not been nearly enough of a "correction." Despite their economic indicators at the outset of the crisis being fairly middle of the road, it's important that Greece recognizes their fundamental poverty (and moral inferiority) and that more than a quarter of their country being unable to find employment is just a natural happenstance that they've got to buckle down and power through in order to fully repay those loans the EU/IMF so generously took over from the private sector.
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Jun 29, 2015 22:45
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Monkey Fracas posted:I kinda figured this is where it was heading. Seemed like the least-worst option. Yeah the part that's completely unbelievable to me, if Varoufakis is telling the truth (and I have no reason to doubt him on this), is that the Greek government hadn't taken any concrete measures to prepare for a Grexit. When your leverage is the threat to walk away from the negotiation you kind of need to be able to actually do that for your threat to be credible. Especially in a circumstance where the consequences of default and leaving the currency union may not be as bad as the results of acceding to the demands of the creditors.
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Jul 13, 2015 21:35
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CommieGIR posted:Except for the problem: This plan is going to fail too. Yep. This plan is sheer loving insanity because it worsens the Greek situation while kicking the can down the road just a little further at the low low cost of surrendering national sovereignity. At this point there is no reason for the Greek side to think the creditor nations have any of their interests in mind, so they're probably facing a period of economic peonage while the state is stripped of assets, followed by a forced Grexit. The only way I can see this deal making sense for Greece is if they think they can use the intervening time period to set up a more orderly Grexit, which probably requires operating in the sort of bad faith that would undermine the whole project. Or they're loving deluded about the other parties motivations and what the consequences of this are, which may very well be the case (see: not preparing for the possibility of a Grexit).
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Jul 13, 2015 21:48
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awesome-express posted:What has belgium ever done for anyone. Just a pointless tiny country being smug. They're responsible for giving lots of people a hand during the late 19th and early 20th centuries
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Jul 30, 2015 17:23
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