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A divorce where the vast majority of Greeks want to remain in the Eurozone. Strange.

And while I don't think it's relevant to point out that Greece has been in default for like half the time during the last 200 years, it is relevant that Greece cheated to get into the Eurozone, and hasn't implemented the reforms it promised to implement (no matter if the reforms were good or bad).

My point is that this creates a lack of trust. People don't trust Athens. Maybe we should trust Athens because the new guys are fundamentally different from the old ones? I argue that we should. But the Eurogroup apparently wants the new government to earn its trust.

Fine. I expect Syriza to be serious about structural reform, just as I expect Syriza to do anything it can to get a fiscal breathing space. Both are good and important things. And as long as the Eurogroup sees Syriza is serious, trust might return.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Mon Feb 23rd, 2015 at 10:30:52 AM EST
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