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polly7

(20,582 posts)
Wed Jan 21, 2015, 12:56 PM Jan 2015

Trojan Hearse: Greek Elections and the Euro Leper Colony

by Greg Palast / January 20th, 2015

....The problem is austerity run wild is merely a symptom of an illness. The underlying disease is the euro itself.

For the last five years, Greeks have been told that, if you cure your disease—that is, if you dump the euro—the sky will fall. I guess you haven’t noticed, the sky has fallen already. With unemployment at 25%, with Greek doctors and teachers eating out of garbage cans, there is no further to fall.


Can Greece survive without the euro? Greece is already dead, but the Germans won’t even bother to bury the corpse. Greeks are told that if they leave the euro and renounce its debts, the nation will not be able to access world capital markets. The reality is, Greece can’t access world markets now: no one lends to a corpse.


Greece, to survive in a euro economy, can only revive employment by reducing wages. Indeed, the recent tiny reduction in unemployment is the sign that Greeks are slowly accepting a permanent future of low wages serving piña coladas to Germans on holiday cruises.


Full article: http://dissidentvoice.org/2015/01/trojan-hearse-greek-elections-and-the-euro-leper-colony/
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Trojan Hearse: Greek Elections and the Euro Leper Colony (Original Post) polly7 Jan 2015 OP
The PTB in Brussels are scared crapless Jake Stern Jan 2015 #1
It is good to see that Palast is still around. nt bemildred Jan 2015 #2
It is .... polly7 Jan 2015 #3

Jake Stern

(3,145 posts)
1. The PTB in Brussels are scared crapless
Wed Jan 21, 2015, 02:16 PM
Jan 2015

that Greece will drop the Euro and revive putting an end to the myth that the Euro is the only way for Europe.

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