The European Debt Crisis–Not Quite Over

Theodore Pelagidis writes,

The latest polls put Syriza ahead by 5-7 points, as angry voters from across the political spectrum get behind the party. It’s not surprising. This “supermarket” party promises almost everything to anyone, masking its policies with romantic pledges to stop humanitarian crises, to make the black market and bureaucracy disappear, to increase the minimum wage and minimum pension by around 40 percent (despite the fact that the social security system is in bad shape) and, last but not least, to negotiate a huge amount of debt forgiveness, mainly by having–sorry, ordering—the European Central Bank to buy most of it.

Have a nice day.

1 thought on “The European Debt Crisis–Not Quite Over

  1. Sure, they are mostly morons, but the fact is that Greece may need to be finally and clearly broken by even worse polices so that she can start trying to put the pieces back together in a more rational way. Syriza has its role to play in that, perhaps.

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