Xequecal wrote:
Heh, even though you were kidding, you pretty much nailed the end result. Tsipras just agreed to a deal that, from an economic perspective, is worse than what the Nazis inflicted upon Greece when they looted it. I have no idea what they threatened him with to make him accept it. The deal features:
Do you have any filter for hyperbole at all?
1. Austerity measures much harsher than the proposal explicitly rejected by Greek voters in a referendum last week. EMU inspectors are also given veto power over Greek legislation. Greece is basically no longer a democracy.
2. Since government employee pay is set by statute in Greece, this means that Germany essentially gets to decide what Greek government workers are paid.
3. Over 50 billion Euro (almost a fourth of their GDP) worth of sovereign assets are transferred to a German holding company to essentially be used as debt collateral.
4. All union contracts, government employment contracts, and closed shop rules are voided.
5. Greece now has a mandatory budget surplus that increases each year, they are not allowed to spend money for any reason if it would put them below the surplus numbers.[/quote]
Given the situation that the sense of entitlement of the Greek voter that has resulted in this debt situation, it is hardly unreasonable that Germany has demanded these conditions. If you go begging to other ountries for financial assistance, they get a say in your affairs. It's not their job to preserve democracy; it was your job. Greece is what happens when the entire political scene is one endless handout-contest with less and less actual work being done, more and more entitlement to money for doing nothing jobs, shorter and shorter work hours, and a populace that was literally begged by the government a few years ago to pay taxes.
The Greek
people are at fault here more than anything. They got it into their head that there was an era of social progress where everyone got free money regardless of work.
Nations survive by making examples of other nations. Germany is making an example of Greece - which they needed to do for their own economic survival. Germany's WWII history is not relevant here; it's not a license for Greece to use them as a money tree.