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comment by cgod
cgod  ·  4848 days ago  ·  link  ·    ·  parent  ·  post: Nigel Farage: Greece under Commission-ECB-IMF Dictatorship
This is total fucking nonsense. "Dictatorship"? get a fucking grip. Greece can exit the monetary union anytime it likes just like it can default on it's debt at any time of it's choosing. The Greeks liked like spoiled children, retire early, low weakly hours of work, big government service and safety net. Like children who ate all the cookies they day they were bought, they are protesting in the streets that the people they elected, the Germans and the IMF aren't ready to buy them a new box.

They cold reject the EU, Germany and the IMF, but they don't want to pay the full consequences of their actions. Really the Greeks could probably do with a little less fiscal independence.





mk  ·  4847 days ago  ·  link  ·  
I have to disagree. Greece's debt was enabled by Germany's good credit. Of course Greece acted irresponsibly, but when don't politicians spend easy money? It wasn't a secret what Greece was doing, only to be exposed now.

I don't think political decision making is the core issue here, it's a faulty system that rewards bad behavior. There's plenty of good reason to criticize the behavior, but that's not the crux of the matter. One currency for many fiscal policies doesn't work. They have two choices: give up fiscal autonomy, or drop the euro and decrease the value of their own currency like an independent nation going through this would. I can't see how the Greek people would go for less autonomy. Either way, they have serious consequences. They might as well emerge from this a free state.