General Discussion

girl gone mad

(20,634 posts)

10. "I happen to not share your tolerance for the pain of other people in the service of ideology."

Reply to cthulu2016 (Reply #6)

Thu May 17, 2012, 06:12 PM

May 2012

How can you rectify the statement above with the solutions you promote? The austerian satus quo isn't working and you don't seem to have any realistic alternatives.

Frankfurt and Brussels demand austerity for Greece, the ECB will never take appropriate actions, and the Greeks cannot function under austerity any longer. There is no possibility of an orderly "Grexit" because no one thought that far ahead at Maastricht. The troika would simply decide one day to stop the flow of Euro to Greek banks and on that day Greeks who tried to make a withdrawal would be in for an ugly surprise.

You criticize me, but I've actually thought this through for many, many years. I'm at the same place I was 4 years ago when people told me I was crazy to even suggest Greece would eventually have to default and likely exit the Euro. I don't see many of those people around today. If Greece had taken these actions early on, they would be in a far better position already.

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Greece cannot fix Greece. Europe will have to accept Growth (and inflation) [View all] cthulu2016 May 2012 OP

"Europe tried to stick the debtor nations with the check for Germany's low inflation" badtoworse May 2012 #1

like hell it does. HiPointDem May 2012 #2

It means that Germany wants to export its' lack of inflation to everyone at the expense Vincardog May 2012 #3

Central bank policy has winners and losers cthulu2016 May 2012 #4

So Germans should be happy to lend out expensive euros and get paid back with cheaper ones. badtoworse May 2012 #7

We need an economic Goodwin's Law for the Wiemar Republic cthulu2016 May 2012 #9

A Godwins Law for the Weimar Republic wouldn't change the German view of inflation badtoworse May 2012 #12

You are listing symptoms, not causes. girl gone mad May 2012 #5

The euro was a bad idea cthulu2016 May 2012 #6

"I happen to not share your tolerance for the pain of other people in the service of ideology." girl gone mad May 2012 #10

"If Greece had taken these actions early on" cthulu2016 May 2012 #11

The EU has no plans to adopt the policies you promote. girl gone mad May 2012 #14

Who said there is a better solution, just because the status quo is "not working?" BzaDem May 2012 #13

I think there is a better solution. girl gone mad May 2012 #15

Most of your pieces do not address the concern. The one that does BzaDem May 2012 #16

Enough with the fear card. girl gone mad May 2012 #17

Since when is fear of real problems always a bad thing? BzaDem May 2012 #18

I think you are making really bad arguments.. girl gone mad May 2012 #19

About as good a summary of the problem as I've ever read. badtoworse May 2012 #8