Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Well, at this point the crisis is unlikely to be resolved in Greece alone, anyway, so the question is moot.
It is useful however to point out that economies have histories, winners and losers. Because the narrative I'm hearing revolves around lazy workers and bad decisions that an entity called "Greece" made. At this point it is of some importance to remind people that this mess was not some sort of mass moral failing, but a historical result of the social hegemony of a rather particular ruling class. Once this is done, it gets harder to rationalize mass pauperization as a morally sound way to deal with the Greek end of the eurozone crisis. Anyway, historical background is always useful - especially when it runs contrary to general stereotypes and public wisdom, even regardless of current relevance.

And the ECB/IMF's first batch of measures were as if copy-pasted from the Union of Greek Industrialists permanent wishlist. I wouldn't say "on behalf of" but "in concert with" or "not hurting", certainly.

The road of excess leads to the palace of wisdom - William Blake

by talos (mihalis at gmail dot com) on Thu Sep 29th, 2011 at 08:20:11 PM EST
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