General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhich side do you take on the Greece vs. Merkel issue?
28 votes, 1 pass | Time left: Unlimited | |
Greece | |
18 (64%) |
|
Merkel | |
5 (18%) |
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Neither | |
5 (18%) |
|
Other | |
0 (0%) |
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1 DU member did not wish to select any of the options provided. | |
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LittleBlue
(10,362 posts)Part of being a liberal is supporting the underdog against big powers, especially when those powers demand insane policies like austerity for the benefit of banks.
WillyT
(72,631 posts)geek tragedy
(68,868 posts)The Germans are too focused on austerity and 'fiscal discipline' which hurts job creation and economic growth, and the Greeks tend to be reckless and undisciplined in how they handle their own finances, which got them into their current troubles.
Greeks are right to resent German intervention, and the Germans are right to have become impatient with Greece's antics.
Ken Burch
(50,254 posts)It's antic to not want more people put out of work just to appease some Teutonic tightwads?
And the debt was largely caused by previous Greek governments that were controlled by the country's economic oligarchy...not SYRIZA or the people who elected it.
PoliticAverse
(26,366 posts)Ken Burch
(50,254 posts)Or Germany and the EC could treat Greece like a nation of human beings, and stop punishing the many for the crimes of the few.
The SYRIZA government and the Greek people are blameless in the offenses committed by the wealthy tax cheats and the predatory international loansharks.
geek tragedy
(68,868 posts)Holding a referendum on an offer that had expired is an antic.
Refusing to even come up with a proposal to prevent themselves from leaving the Euro is an antic.
Deliberately taking Greece out of the Euro while lying to the Greek voters about it is an antic.
Greece got itself into this mess via shady dealings, and SYRIZA has continued that tradition.
No one in Europe trusts the Greeks. They may feel sorry for them, but they don't trust them.
Katashi_itto
(10,175 posts)Indydem
(2,642 posts)Each subsequent generation is responsible for the debt.
Would you be ok if the next generation of republicans said "that is Barack Obama's debt, not ours - we won't pay it!"
Of course not. They borrowed the money, now they must pay it back.
HooptieWagon
(17,064 posts)Previous Greek govt cut taxes, and paid for the tax cuts by borrowing money. When those bonds came due, the govt used the bailout money to pay off those bonds. Then they were forced into austerity to pay back the bailout, but the austerity crashed the economy. Greece was also hiding how much dept they had from the EU. Plenty of blame to be had on both sides, but they aren't going to be able to pay back the bailout unless their economy improves. More austerity is only going to drive their economy deeper in the hole.
Ken Burch
(50,254 posts)hill2016
(1,772 posts)but how many people who support Greece would put their own money down? buy Greek government bonds?
Ken Burch
(50,254 posts)If people don't matter more than cash, nothing progressive or compassionate or democratic in the small-d sense is even possible.
Greece proposed compromises, but Merkel wouldn't accept anything but the complete abandonment of everything the SYRIZA government was elected to do. Merkel had no right to demand that Greece surrender its sovereignty and dignity as a nation.
The Greek people committed no crime here-only the oligarchs were to blame.
DesMoinesDem
(1,569 posts)Or do you just want someone else to give them money?
geek tragedy
(68,868 posts)Javaman
(62,528 posts)cemaphonic
(4,138 posts)At the very least, it has shown that Greece is a bad fit for the EZ, and should probably leave so they can control their own monetary policy. And it has definitely put one of the structural flaws in the whole EU project into stark relief - if they are going to have a common currency, they need better tools to distribute wealth more evenly than the hodgepodge of national, supranational, and private banks they have now, and that probably means that each member nation would have to give up even more economic autonomy than they already have. A very hard sell, especially these days.
The US works because wealth flows from the more economically productive parts of the country to the less, in the form of investment, infrastructure improvement, military/aerospace/R&D facilities, welfare, etc. It's far from perfect, and there is still a lot of inequality and resentments, but just imagine where we would be if every 3 years, Mississippi had to petition New Jersey for a loan.
I don't think that Merkel, or any of the other power players in the EU want Greece to fail, but they have budgets to balance and constituents to appease too, and cannot afford (either economically or politically) to keep throwing money at Greece forever.
Ken Burch
(50,254 posts)It's not Merkel's place to say that the situation must be rectified solely reducing spending-the fact is, if Greece cuts anything more, it will no longer be a civilized nation, because a civilized nation must have a decent pension system and a strong social welfare system-without those, a nation is barbaric and without humanity.
underahedgerow
(1,232 posts)who are dead or claiming false illness, disability & injury, avoiding taxes, etc. I have very little pity and I hope they get out of the EU and stop dragging it down. Let them solve it themselves.
trusty elf
(7,392 posts)[img][/img]