What Greece's government should do at present is pay sums to the IM, discuss with its Europartners the possibility of one-off supportto ease the strain of repayments, and DELAY payments internally. Or,, better still, it can dupe its electorate by paying its debts partly in euro and (mostly) in 10-100 year non-convertible Greek Government bonds.
In this way, the following will be achieved:
- ease the debt repayment considerably, as the IMF is the most expensive money. TYhe rest of the money Greece has received can reach an average below 2% -- which is better than some countries get on the free market!
- confirm its good intentions and give an olive branch to the country's justly exasperated europartners.
- provide an excellent excuse to forget all the moronic, and potentially disastrous for the nation as a whole, pre-electoral promises: "not my fault, had to save the sinking ship. But I tried, which is more than others did"
The last sentence being the crux of the matter. I.e. manage to stay in power which is the government's unique concern, and do something for the country while you're at it.
Not that Greek governments are ostensibly interested in the country they lead; the present government speaks of "workers rights", "people in crisis", of "equality", of "excellence being a form of fascist oppression"-- but never about Greece, the nation, the country.
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On the other hand, given that most Greek governments have shown a predilection for absurdity and for iniquity and giving support to pressure group at the expense of the majority of the population, Greeks should resort to using shame and guilt to inspire positive action and social reform from their government. After all, Greece's labour legislation, antiquated, inflexible and job creation averse only began to be reviewed when a Greek politician (A Mrs Diamantopoulou) was made fun ofin European parliament when she rose to speak about labour issues, representing a country with the most lacking legislation on the subject...
Wednesday, 22 April 2015
What Greece Should Do (for temporary relief); What Greeks Should Do For Repeated Relief
Labels:
communist,
debt,
default,
elections,
greece,
letter to eurogroup,
syriza,
work in greece
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