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In reply to the discussion: Clashes break out at Athens anti-austerity march [View all]cemaphonic
(4,138 posts)21. Did anyone see Yanis Varoufakis' recent interview?
http://www.newstatesman.com/world-affairs/2015/07/yanis-varoufakis-full-transcript-our-battle-save-greece
It looks like he and Schäuble would have found a way for a somewhat orderly Grexit (and both seemed willing to shoulder a lot of the blame from opponents of that option), but it wasn't politically possible because Tsipras and Merkel were committed to staying with the EU.
Explains a bit about some of the mixed signals and confusing political moves coming out of the Greek camp for the last few months.
It looks like he and Schäuble would have found a way for a somewhat orderly Grexit (and both seemed willing to shoulder a lot of the blame from opponents of that option), but it wasn't politically possible because Tsipras and Merkel were committed to staying with the EU.
Explains a bit about some of the mixed signals and confusing political moves coming out of the Greek camp for the last few months.
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You think folks would blame the schnitzel salesman for Merkel's loan conditions?
Nye Bevan
Jul 2015
#30
I just don't see how that is going to change anythin, but dig a deeper hole. Nobody wants austerity.
Hoyt
Jul 2015
#6
The quickest way out of this mess is debt relief and a repayment moratorium
GliderGuider
Jul 2015
#10
they have instituted the required austerity, which is what crushed their economy
magical thyme
Jul 2015
#17
No, what crushed them is their economy is a tourist based one similar to Puerto Rico.
cstanleytech
Jul 2015
#32
wrong on many counts. Sorry, but I'll take Krugman over an anonymous poster any day.
magical thyme
Jul 2015
#34
The US model in your example is a poor one to use unless the EU was setup to do that.
cstanleytech
Jul 2015
#35
That is my point. (And you're confusing the European Union with the Eurozone)
magical thyme
Jul 2015
#38
Yes nothing build with "now" but if they get an extension on that debt so that they do not
cstanleytech
Jul 2015
#40
Oh they are going kick scream over it but I dont believe they have a realistic choice but to do so
cstanleytech
Jul 2015
#44
Greece did the prior reforms. The Troika refused to give any debt relief all along,
magical thyme
Jul 2015
#45
ok, everything I've seen now says they did. But then, there is also this from the IMF:
magical thyme
Jul 2015
#49
Ya they messed up somewhat but so did Greece as the IMF did say that if Greece had complied
cstanleytech
Jul 2015
#50
and the IMF said the Greeks were in uncharted territory with the extent of tax increases & austerity
magical thyme
Jul 2015
#51
no. the war reparations and the forgiven reconstruction loans are 2 different things.
magical thyme
Jul 2015
#53
and why did the Troika choose cover private bank losses with public debt? nt
magical thyme
Jul 2015
#57
you don't know that taxing the shipping industry would kill it (although I'm sure the 1% shippers
magical thyme
Jul 2015
#59
Who is going to let them die? Probably is time for a special election or somethin?
Hoyt
Jul 2015
#16
Everything dies, stars, planets, animals, people. Everything ends eventually even the universe. nt
cstanleytech
Jul 2015
#18
Well they cant do that nor can they really save Greece either, only the Greek people can.
cstanleytech
Jul 2015
#24
Yes they could but they also have helped before dont forget and Greece failed to follow through on
cstanleytech
Jul 2015
#27
they instituted the required reforms. The austerity without debt relief failed, as the IMF
magical thyme
Jul 2015
#46
Forgive all of Greece's debt tomorrow and their economy still can't sustain a Euro peg
Recursion
Jul 2015
#36
There will be more people on the street if parliament votes to accept the terms
Ilios Meows
Jul 2015
#12
Of course they approved the bailout - will the rebellion spread outside Athens though?
Baclava
Jul 2015
#33
I wonder how many of the same protesters would be complaining about exiting the EU?
FLPanhandle
Jul 2015
#23
EU taxpayers are not footing their deficit. They are bailing out the French, German
magical thyme
Jul 2015
#47