General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"I shall wear the creditors’ loathing with pride." Yanis Varoufakis
cross post from Economy:
http://www.democraticunderground.com/111669246
geek tragedy
(68,868 posts)mother earth
(6,002 posts)Troika.
For better or worse, a shared prosperity for all of Europe is not a bad thing for the Eurozone, it is an economic reason to unite and end beggar thy neighbor policy of Germany....this isn't only about Greece. I'm surprised when a DU'er doesn't understand the predatory nature of debt enslavement for no other reason than exploitation and of course, profits off the backs of the working class. It is class warfare.
If this goes bad and leads to a Grexit, it will be due to insatiable greed of oligarchy.
MohRokTah
(15,429 posts)That completely screws things up with a single currency.
mother earth
(6,002 posts)it is a union of nations. The union is relatively new, but just like here, all of our economic woes go back to exploitation via oligarchs.
geek tragedy
(68,868 posts)Why is Greece the only one to be having these problems?
Shared prosperity doesn't mean the Greeks get to freeload off the other 17 members.
If you don't want austerity, don't make yourself financially dependent on foreign countries.
mother earth
(6,002 posts)situation, or you would know.
You don't even understand "why" austerity...you have some digging to do if you wish to.
geek tragedy
(68,868 posts)RandySF
(58,794 posts)If the Greeks don't want to pay their bills, they should just leave the EU.
mother earth
(6,002 posts)Greek politicians and the Troika. They knew exactly what they were doing when they approved the loans, they've been trying to delay payments so they could incur greater profits through "bail-outs". Things are never what they seem. One must follow the situation to have a grasp on all that has been playing out.
I can't give you a proper response in one blurb. Sometimes ignorance is willful.
FlatBaroque
(3,160 posts)who blamed homeowners for the mortgage crisis. Infuriating. Authoritarians always blame the victim.
mother earth
(6,002 posts)some, it might "seem". Though, I do believe their lack of empathy and the inability to understand stems from another issue which is becoming quite clear as time goes on.
DonCoquixote
(13,616 posts)"I welcome their hatred!"