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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (268095)	1/26/2015 11:44:19 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 540978

"On the other hand, it’s not clear what more any Greek government can do" Develop electricity as an export crop. Message 27741304

To: JohnM who wrote (268095)	1/26/2015 11:45:52 AM
From: Steve Lokness	Read Replies (2) \| Respond to of 540978

Interesting article by Krugman. I'm just not sure were the money is going to come from for Tsipras to carry on. They want Germany to continue to finance their expected deficits, but Germany has made it pretty clear Germany is watching out for Germany now - not Greece. ............The lesson here is to not allow your country to get so far in debt that wise people no longer believe you have the capability to pay your debt. That is what Greece faces. Hard to see this ending well.

To: JohnM who wrote (268095)	1/26/2015 11:58:27 AM
From: Steve Lokness	Read Replies (3) \| Respond to of 540978

To quote from an earlier article by Krugman (January 22nd) on Europe's pressing problems; They felt comfortable, emotionally and politically, demanding sacrifice (from other people) at a time when the world needed more spending. They were all too eager to ignore the evidence that they were wrong. Why should the strong economies in the world continually bail out those countries unwilling or unable to to bring their own house in order? Germany and the Switzerland and then Denmark have one by one said we are not interesting in propping up failed economies. ...........meanwhile I saw protest signs in Greece this morning that said "down with Merkel". Something like that. The Greeks EXPECT Germany to bail them out. Huh? How is that suppose to work?