Buffoon leaders... and how we milked the EU, by veteran Greek columnist and commentator

[truebluegreen]

105. Not my Troika,

and it wasn't the little people like yourself who took these risks, was it? I may have missed it, but was there a referendum, did you get to vote? And if you didn't, who made / decided to make all these loans? The ECB, the IMF, the EC commissioners....do they have any responsibility for this debacle?

"The IMF released a report just a few days ago admitting what so many economists have already said, that Greece's debt is unsustainable and odious. The IMF had this report for months.
Just two days ago Wikileaks released a document from 2011 where German Chancellor Angela Merkel who told her personal assistant that Greece's debts would still be unsustainable under the terms of the new arrangement.

So basically the troika knows beyond a shadow of a doubt that the crushing austerity they are forcing upon Greece is doomed to fail. Greece will never be able to pay these debts.
Yet neither the IMF, nor the ECB, nor the political leaders of Europe are willing to change course. Why?

The debt, in other words, isn't about money. It's about political control."

(my bold)

http://www.opednews.com/articles/26-Centuries-later-Athens-by-Daily-Kos-Debt_Debtor-Nation_Democracy_Greece-150705-780.html

Seems to me, there is plenty of blame to go around, and the actions of the Troika have--for at least 4 years--done nothing but make a bad situation worse. We can all point fingers, and wish that this hadn't happened, but here we are--here you are--and what is to be done next?

What was that definition of insanity again? The austerity has to stop, Greece was right to vote no.