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by nicolasehrhardt
4140 days ago
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You are not wrong, Greece is a deadbeet right now. They already are living on life support from the EU-IMF, and have been for more than a year.
What's wrong is that, we gave them money and forced them to do reforms (reforms that France and Germany [mostly] designed). A year and a half later, Greece is still on life support (on our money) but the reforms we forced them to do made the situation worse.
Greece has a giant problem with corruption, I don't think they have a really modern state, neither can they be really productive (I mean, look at all of these small islands). But the issue is now political. I think we (France and Germany) should be ashamed of what we forced them to do, not even because we mothered them (if it had them then maybe...), but because we made their situation worse. We should find a way to losen our requirements and let them breath a little because clearly, we failed to help them so far.
It's the same old problem, either the EU becomes a real political union and we can start thinking about helping each other as neighbor states, not as economic partners, to maintain the stability of the union, either we keep thinking about the money we don't have, and nothing really improves. PS: the day that the US collapses because of its giant debts, I hope you will think again about this: "shouldn't the government and people be accountable for it?". |
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When did France and Germany force Greece to do anything? I was under the impression that the Greek government negotiated the terms of the bailout which they're now talking about repudiating.