Thread: The news!

Originally Posted by Sailor

I think that if the country cannot take care of its own politics it's better that IMF takes control over it. It might be painful but it is far from the worst what might happen and it is also a door to new healthier beginning. Remember what happened in Iceland?

What happens in Greece tomorrow is most interesting. If they do not want any more help, then we should stop trying to give it. Greece was a perfect example of the mad politicians who never wanted to make sad decisions but let the crisis grow. Now the emperor has no clothes. I'm sorry for the people there. I am and the whole Europe is paying now but they are the ones who'll have to pay the highest and longest. But if it is necessary to prevent crisis turning into chaos then i'm ok to help them too.
I think that politicians incapable or unwilling to make unpleasant and hard decisions when needed are no much of a leaders but puppies to their voters.

I understand what you mean. But the Icelandic example is not a good example of IMF led financial governance. In fact, Iceland is a remarkable example of a country that went bust, but refused the IMF governance. They took matters into their own hands and decided that their independence is worth more that a couple of Kronne. The bankers were tried and put to jail, the PM as well, the constitution is being re-writen by 25 citizens chosen by their peers. That is precisely because we have so little information concerning Iceland... the media doesn't want the EU citizens to know what is going on in Iceland. Because they prove that you cannot borrow yourself out of debt the same way you cannot drink yourself sober.

Greece is a big problem... but it is time to face the problem. I am a citizen of a useless, lazy southern coutry. You know... one of those countries that live under the auspices of borrowed money. At least that is what people in the north of Europe seem to think. Because of that, I refuse to reprimend Greeks on their attitude towards work and productivity. But their entry into the Eurozone was a mistake. Their politicians (counting among the most incompetent in the continent) lied to their people and to the European Institutions. They forged information that was crucial to the implementation of the Euro. And now we are all paying for that... Let's see what our Greek colleagues do tomorrow.