I’ve written about the Greek debt situation a couple of times now, and it continues to bring on the laughs. Prime Minister Alexis Tsipras recently stated the following concerning negotiations with Greece’s creditors: that Greece was willing to accept a “viable and long-lasting” deal and would refuse “humiliating terms“. PM Tsipras also stated the following: “Throughout, we have proven we are ready to make concessions in order to get a mutually acceptable deal. We demand of our partners the same respect and corresponding concessions. We have done our duty, it is now time for Europe to do the same,”. PM Tsipras is also claiming that the IMF is at fault for extreme terms such as: budget surpluses that are too high, reductions in welfare/handout programs, and not writing off debt.
It would be hard for someone to write a better parody of the Greek government than what the Greek government itself is doing and claiming it will do. Syriza is asking for investment funding, infrastructure funding, debt write-off’s, to maintain excessive deficits, and blaming all of Greece’s problems on everyone but Greece. Some of Syriza’s brightest thinkers believe that leaving the Euro and going back to the Drachma will be no big deal. It’ll be just like the hyperinflation that the Weimar Republic experienced. Who else is ready to have a Greek million drachma bill as a souvenir?
I personally believe that no European country should have adopted the Euro without actually becoming a federal state or just maintained their sovereignty. Especially with a country that’s contributing as little as Greece is, but there aren’t any easy choices concerning a Grexit are there? But if the IMF doesn’t just give more money to Greece, how will the Greeks pay for healthcare? It’s not as if the socialist government is able to provide much and clearly the Greek economy is suffering from bad policies. I suppose that Syriza will just blame “austerity” though…
Almost forgot to take some screenshots of comments from the Yahoo News article: