Andrew Lilico thinks the eurozone powers will decide to hang in there. This is only a political manoeuvre. Today they've given Greece goals they know it can't meet, to show the world that it is Greece to blame, not them. Turmoil is inevitable.
Greece and its demonstrators deserve it. The Greeks want to keep not paying their taxes. They want to keep being feather-bedded, keep getting something for nothing. Repay debts? Not us.
The demonstrators in Athens may be helping to bring about the rocking of the euro (good), but that doesn't entitle these freeloaders to our approval.
Similarly, the Spanish demonstrators have no idea what they want, apart from a magic wand producing jobs from nowhere. No applause for them either.
Europe doesn't deserve its collection of complacent, self-interested clowns who still think they are in charge. But that's what you may get if you don't pay attention.
Roger Bootle discussed this morning the damage that a Greek collapse will do.
When you throw a pebble into a pond, as the ripples move outwards they gradually lose force and eventually fall away to nothing. By contrast, with a tsunami, what begins as a relatively small wave becomes enormous as it nears the land. What sort of disturbance would a Greek default be?"The price of liberty is eternal vigilance." That's the price of prosperity too.
In control of the euro crisis? Whatever next? They'll be imagining they can control the climate.
2 comments:
I agree with most of what you say.
But isn't this a bit harsh
"The demonstrators in Athens may be helping to bring about the rocking of the euro (good), but that doesn't entitle these freeloaders to our approval."
However isn't part of the problem in Greece that some don't pay their taxes?
Surely not all Greeks are freeloaders
Doubtless some do :)
My point was about the nation as a whole - they want to continue to be featherbedded.
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