13-07-2015, 17:14
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#1785
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Inactive
Join Date: Oct 2006
Location: Right here!
Posts: 22,315
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Re: Eurozone will collapse...
Quote:
We simply haven't seen since the 1930s a rich developed country collapse as Greece is doing right now - millions of people threatened with losing their life savings, companies on the point of collapse, cancer sufferers unsure what treatments, if any, will be available to them.
Now to most outsiders, this demarche is in part the consequence of the incompetence and greed of a succession of Greek governments, and the negligence, incompetence and political insensitivity of the rest of the eurozone and the International Monetary Fund.
In other words, debtor and creditors are both to blame, arguably in equal measure.
So what is particularly horrifying to dispassionate observers is the perception that most of the eurozone, and especially Germany, is hell-bent on making an example of Athens, humiliating the government of Alexis Tsipras, as the price of a financial rescue that - in a best case - will continue to make Greeks poorer, though not as poor as leaving the euro would do.
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http://www.bbc.co.uk/news/business-33503330
I dare say some will be thinking that tanks and soldiers have been replaced by bankers and eurocrats.
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