Greece may well be "a global problem", as the Independent`s editorial said, but the suggestion that the "determination and self-sacrifice"
of the Greeks do not match German "generosity" was a little wide of the mark.
(Editorial: Into the abyss,07/01/15) With overall unemployment at over 25% in
Greece, and youth unemployment a massive 60%, as Hamish McRae states, the
"social and human cost of austerity" has been extreme. (Greek exit from the EU
could be imminent, for better or worse,07/01/15) Did these young Greeks
really have anything to do with causing the worldwide economic
crash?
Rather than predicting how a Greek exit from the
eurozone would lead to "contagion" taking hold, and huge sums having to be "made
available to the likes of Portugal and Spain", two other countries whose people
are fed-up to the back teeth with austerity imposed from Berlin, would it not be
more sensible to suggest alternative measures? Most obviously, why not have
"unprecedented printing of money by the ECB" now, rather than after another
cisis? Germany`s insistence on refusing to allow quantitative easing because of
her hyper-inflation of 1923 has to be overruled, and should have been five years
ago; anyone with an ounce of economic brain knows sensible QE will prevent
deflation and kick-start economies. Funny how back in 2008 the German government
saw nothing wrong with providing its banks with "a generous £390bn rescue
package of recapitalisation"! (The hidden history of the
crisis,07/01/15)
Instead of kicking the Greeks when they`re
down, perhaps it would be more appropriate to suggest the new British government
returns the Parthenon marbles? What a boost that would be, not only to the Greek
tourist industry, but to the concept of European countries co-operating
together, for their mutual benefit!
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