A Cold Wind Blows Over Greece

Colder weather is forecast. Greece, where in summer it is hot, is in distress but its landlords, the IMF, the World Bank and the European Union, are still demanding the rent which Greece cannot pay.

If Greece was a company, like Apple (they have similar Gross Domestic Products) it would simply go into insolvency and start again. When it had its own currency it would have simply inflated the currency thus reducing the debts. Greece can become insolvent and declare bankruptcy: other nations have, but Greece cannot inflate its way out of difficulty because it does not control the currency it uses.

It might be easy in other parts of the European Union to seriously underestimate the suffering now in Greece, with so much unemployment and what little employment there is at wages which are a pittance.

I thought that the concept of a union was that when one part is in difficulty the other parts would help, but it seems not to be the case. Certainly the Greek economy should be reformed and corruption significantly reduced, but the measures of which Greece complains are primarily made to ensure those who were foolish enough to lend to Greece get their money back.


2 Responses

  1. It all depends upon the global mafia, and if they will let the country go.

  2. The EU,IMF, Goldman Sachs are in cahoots behaving like feudal landlords.

    Just say NO, F**K off, the money debt is your problem not ours!

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