Greek Capital Controls

by **Dylan** » Tue Jun 30, 2015 1:33 pm

also i'm speaking as to fiscal policy not greece. greece never should have been involved.

by **Kane** » Tue Jun 30, 2015 1:39 pm

The problem with the EU is the level of nationalism still left in the member states. Things aren't debated as if each state is a member of a greater union or that the union is greater than the individual parts of itself. German's see themselves as bailing out all of their peers, some states see debt relief as unfair after the fact, etc. There should be no such debate, especially out in the open, if the goal is ultimately a fiscal union of efficacy. Framing it in such a manner just leads to political fragmentation - because now that framing drives the policy end as well. Podemos and the Catalonians won big in Spain in the most recent election - all of the governments which abided by the austere policies of the north are being removed from office.

And you don't have to wonder why.

by **Saz** » Tue Jun 30, 2015 1:40 pm

by **Saz** » Tue Jun 30, 2015 1:42 pm

by **Dylan** » Tue Jun 30, 2015 1:52 pm

by **Saz** » Tue Jun 30, 2015 2:00 pm

by **John Galt** » Tue Jun 30, 2015 2:08 pm

it's basically been greece's great depression under the name "bailout". of course the euro was a terrible idea. lending to greece was "just as safe" as lending to germany, which is why greece became so in debt in the first place. well that and they don't know how to have a working government. well and that socialist governments always run out of other people's money; the people of greece voted in these communists because they wanted them to reverse reforms that were needed. the prime minister has told the creditors to read "for whom the bell tolls" ("do as we want or we'll kill ourselves"). but it was because of the fact they were in the euro that gave them this "advantage" for seeking loans. and here we are

i do think it's dangerous, but i also think that greece needs to go. it needs to implode, even. but, i also think it will spread. the most dangerous thing is that the savage heart that resides in all europeans which has been stilled for 60 years but could come back as the eu falls apart

by **Libertarian602** » Tue Jun 30, 2015 2:34 pm

Greece is another nail in Keynesian's coffin.

by **Saz** » Tue Jun 30, 2015 2:54 pm

by **Dylan** » Tue Jun 30, 2015 2:57 pm

Greek Capital Controls

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