Sunday, July 05, 2015

Greece Votes No....

to another austerity package payout courtesy the European Union. I want to caveat my remarks tonight by freely admitting that I am not an economist. And a long series of policy mistakes had to be made by Greek Authorities to put that venerable democracy in it's present perilous state. That having been said, no democracy may long sustain itself carrying a 25% unemployment rate. Such jobless tallies are an open invitation to revolution and dictatorship, at the moment that is whats on the line here, the survival of Greece as a brother democracy. Forget all the money allegedly owned and the austerity measures that came with the loan right now ...either someone in Athens or Brussels or wherever starts figuring out how to cut unemployment in Greece to manageable levels quickly or the whole shit house is gonna go up in flaming chunks. The Greeks are down to the question of survival all this macroeconomic stuff is fine but politics is destiny and right now I wonder if anyone in the EU gets that? Because the broad sweep of the conditions in Greece parallel the Weimar Republic circa 1932 or so, as I said economics isn't my tipple but history sure is....

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