June 29, 2015

Let Greece fail revisited

Don't let the door hit you on the way out.
Almost four years ago, I argued that the E.U., particularly Germany, should let Greece fail. There's not much I can add to that now except to say that the Greeks still seem to not understand that they have promised themselves, and voted themselves so many benefits and freebies that it could never be sustainable.  They still don't get that.  I'm not sure what they are going to do if they decide not to pay their creditors.

I suspect that the E.U. will send over a couple of goons with baseball bats to collect.  Either than or start the collection calls hundreds of times per fay.

For the first time in thousands of years, the world has a chance to ;earn something meaningful from Greece; but unlike ancient Greece, this time we can learn what not to do.
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