This game between Greece and its creditors somehow drags on. I really don’t understand why, the Greeks are showing few signs of making reforms. The Greeks have already received bailout money, aren’t willing to make any reforms, and continue to make demands of the ECB, IMF, Germany, and anyone else who loaned money to the Greeks and expected the Greeks to not act like total deadbeats. Like I’ve written before, there’s no writing a parody about this. The actions of the Greek government are a parody and complete joke in of themselves. I wonder how many people believe that the Greeks will actually pay back all of the money that they were given?
I suppose I can’t blame Greece’s creditors to harshly for keeping up the charade of negotiations. Who would want to take the blame for Greece default and going back to the drachma? Everyone has there limits though. IMF spokesman Gerry Rice stated: “There has been no progress in narrowing these differences,” and “There are major differences between us in most key areas“. I would read this as the Greeks just want free money and the IMF has had enough of that. European Union President Donald Tusk quipped: “The Greek government has to be, I think, a little bit more realistic“. Volker Kauder, the caucus leader for Merkel’s party in Germany stated: “It’s not possible that the borrower decides under what conditions the lender kindly gives his money”.
Perhaps the Greeks are right and from now on the debtor should dictate the terms of the loan contract to the creditor? That sounds plenty progressive to me! Having to pay back the money one owes should be relegated to the last millennium. Only evil capitalists and enemies of the state would want their money back. What’s wrong with Greek proposals to borrow more money to pay back debt? Forward comrades, the revolution awaits!
Yahoo News!-Greece gets wake-up call: coming week could seal its fate
Bloomberg Business-New Greek Budget Plan Falls Short of Last Week’s Pledge