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Europe
Bloomberg View: Greece turns left, Europe goes right.
2015-01-31
Posted by:Besoeker

#9  Excellent comments, Steve and Alan. :-D
Posted by: Barbara   2015-01-31 22:01  

#8  Stays up in the air until he looks down; the Greeks just looked down.

Like that old gal said, the trouble with socialism is you eventually look down.
Posted by: SteveS   2015-01-31 20:32  

#7  Greece was screwing up long before they joined the Euro, they lied to get in and used it to throw away more money and slack out for a few more years.

Greeks do better out of Greece. Gawd love 'um.
Posted by: Shipman   2015-01-31 20:20  

#6  Barbara, unless you took out a copyright on that prediction I'm afraid you're just one of many. ;^)

I remember reading a number of analysis that made the Euro sound like Wile E Coyote running off a cliff.

Stays up in the air until he looks down; the Greeks just looked down.
Posted by: AlanC   2015-01-31 19:34  

#5  EH, I said when the EUros first switched their currency to the Euro that it would end up being a disaster for them. Looks like I was right.
Posted by: Barbara   2015-01-31 15:59  

#4  Here's something that sheds some light on where the author stands:
"Feldman was a featured speaker, alongside noted Islamic authority Hamza Yusuf, in the lecture Islam & Democracy: Is a clash of civilisations inevitable?, which was subsequently released on DVD. An excerpt from Feldman's 2008 book, The Fall and Rise of the Islamic State, appeared in the New York Times Sunday Magazine and was attacked by Leon Wieseltier for "promoting" Islamic law as a "swell basis" for a political order. This, according to Wieseltier, amounts to "shilling for soft theocracy" and is hypocritical since Wieseltier presumes that neither he nor Feldman would actually choose to rear their own children in such a system."

It is also remarkable that the article lacks any mention of the root cause of this crisis: the Euro.

Without the Euro the Greeks and others could never have amassed debt at such a catastrophic level.

No matter how much the government might have cooked the books the truth would have been revealed at the currency market.

The Euro acted like an analgesic and the nations in crisis interpreted the absence of pain as an absence of economic damage. That worked until 2010 when the debt had already catastrophical levels.
Posted by: Elmerert Hupens2660   2015-01-31 14:59  

#3  Who knows what "far right" means nowadays... It seems to mean socialism but without the international aspect.

Never seems to mean more markets and less government that most people think that's what they mean...

It's "almost" like the MSM like to use words that mislead.
Posted by: Bright Pebbles   2015-01-31 13:05  

#2  Seems like the typical claptrap of a Harvard professor. Note his definition of "far right" with no credible economic program.

Goes right along with his "ex-communist" radical left. What's EX about them? This will be an interesting time if Greece really does default on all their borrowing. Maybe the EU can move all their industrious Muzzie immigrants to Greece to bolster the workforce.
Posted by: AlanC   2015-01-31 11:48  

#1  Cherry-picked from the source article:
"The resistance to reducing state employment, cutting budgets, and working harder for less money and shorter vacations becomes resistance to the market economy itself. The ex-communist radical left is the natural place for such resistance: The economic program of the left simply denies that such measures will actually help"
"the northern European far right has no credible economic program"
----
A better headline might have been: "EUrope goes crazy, but Greece goes even crazier!"
Posted by: Anguper Hupomosing9418    2015-01-31 10:07  

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