Greece - here come the lefties

[whell]

http://news.sky.com/story/1414691/gr...feat-to-syriza

Creditors schmeditors. I suspect that the rich will now be asked to pay their fair share, but the entrenched gov't corruption will continue unabated.

Wonder if this will also mean one more nail in the coffin of the EU.

[finnbow]

Greece will be better off outside of the the Eurozone, but still within the EU. It'll be messy getting there from here, however.

[Tom Joad]

Originally Posted by whell

I suspect that the rich will now be asked to pay their fair share

The rich WILL pay.

They can do it the easy way, with higher taxes, or they can do it the hard way:



It's their choice.

[bobabode]

Good one TJ.

[merrylander]

I never quite understood the idea behind the Euro. A country cannot maintain financial stability without control over their own currency. With the Euro in the hands of some wonks in Brussels this mess was inevitable. Whatever else Angela is it seems rather obvious she is not an economist.

[Dondilion]

Originally Posted by merrylander

I never quite understood the idea behind the Euro. A country cannot maintain financial stability without control over their own currency.

True!

The big plus in Europe is access to cheap labor. In Britain many jobs are advertised in former soviet dominated countries.

[donquixote99]

RE: "the rich will pay." Have to address the capital flight problem. Basically, tax liability should stay attached to income, international borders notwithstanding.

'International flight to avoid taxation' should be investigated and prosecuted by international authorities empowered for that purpose. Countries that think they will provide 'havens' should face extreme sanctions.

[piece-itpete]

We DON'T want the Euro to fold. For starters it'll almost certainly crash the world economy, at least a major recession maybe worse.

It was designed to force a political union from the start. Our fearless betters, um, leaders decided after ww2 that Europe needed integrating to stop the incessant and deadly wars. They thought if they could sell a monetary union a political union would be necessary to keep it, and that the economic benefits of the monetary union would convince people to agree to the political union. Who doesn't want a new Rome?

Seriously, a unified Europe is probably in Europes' best interest and certainly in ours. Greece has to come to grips with the fact TNSTAAFL no matter what the commies say. Or become a second world country or worse, it really is up to them.

Pete

[merrylander]

The Greeks, Italians and Spaniards were all encouraged to buy Germany's products so Angela got rich and they went into debt then the smart asses on Wall Street pulled the rug out from under everyone. Sure Pete there was a free lunch just ask the Koch bros.

[nailer]

Originally Posted by piece-itpete

We DON'T want the Euro to fold. For starters it'll almost certainly crash the world economy, at least a major recession maybe worse.

It was designed to force a political union from the start. Our fearless betters, um, leaders decided after ww2 that Europe needed integrating to stop the incessant and deadly wars. They thought if they could sell a monetary union a political union would be necessary to keep it, and that the economic benefits of the monetary union would convince people to agree to the political union. Who doesn't want a new Rome?

Seriously, a unified Europe is probably in Europes' best interest and certainly in ours. Greece has to come to grips with the fact TNSTAAFL no matter what the commies say. Or become a second world country or worse, it really is up to them.

Pete

We're the new Rome. Get with the program.

We definitely want an economically healthy Europe, and a viable Euro is now part of that. I remember reading an Economist article a while ago that left me with the impression that Greece isn't concerned about paying back the money. After all, the lenders can't take Greece away from the Greeks.