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mallorys_cameraFrankly I’m appalled that EU leaders have responded to Papandreou's call for a Greek referendum with such horror.
Amazing disconnect between the economic oligarchy and the populace. Proof of Weber’s maxim: In the end, every organization exists merely to perpetuate its own existence.
Essentially the EU is giving Greece money to float French and German commercial banks. The EU has always pursued monetary policies that favor richer countries like France and Germany over poorer countries like Greece. If Greece did not belong to the EU, it would have borrowed from Greek banks with the option of wiping out its debt the old-fashioned way – by nationalizing the banks!
Austerity measures are absolutely the wrong way to deal with the Greek debt. A debt that large cannot be serviced by cutting back on operational expenses. A debt that large can only be serviced by growing the economy. The conditions Merkel and Sarkozy are attempting to impose on Greece will not be met because they can not be met, and the EU leaders know this. What do they have, bags over their heads? As far as I can see there’s absolutely no upside for Greece in staying in the EU. They should vote to pull out.
Anyway the real problem isn’t Greece, it’s Italy. Italy owes French and German commercial banks something like three trillion dollars.
In other news, Xena the Dog ran away again this morning. I was prepared just to let her fly.
After spending the night on my bed, the first thing she did this morning – while staring at me defiantly – was to squat, pee and poop on the carpet. I screamed and threw her in the yard. Five minutes later, she wasn’t in the yard anymore.
Oh, well, I thought.
RTT left for school. Five minutes later he was back at the front door – with Xena. “She was running down Main Street with this stupid bag over her head, and all the cars were honking,” he told me. “It was embarrassing. I almost left her there.”
I don’t know whether I’m happy or I’m sad he didn’t. Do dogs get Alzheimer’s?
Amazing disconnect between the economic oligarchy and the populace. Proof of Weber’s maxim: In the end, every organization exists merely to perpetuate its own existence.
Essentially the EU is giving Greece money to float French and German commercial banks. The EU has always pursued monetary policies that favor richer countries like France and Germany over poorer countries like Greece. If Greece did not belong to the EU, it would have borrowed from Greek banks with the option of wiping out its debt the old-fashioned way – by nationalizing the banks!
Austerity measures are absolutely the wrong way to deal with the Greek debt. A debt that large cannot be serviced by cutting back on operational expenses. A debt that large can only be serviced by growing the economy. The conditions Merkel and Sarkozy are attempting to impose on Greece will not be met because they can not be met, and the EU leaders know this. What do they have, bags over their heads? As far as I can see there’s absolutely no upside for Greece in staying in the EU. They should vote to pull out.
Anyway the real problem isn’t Greece, it’s Italy. Italy owes French and German commercial banks something like three trillion dollars.
In other news, Xena the Dog ran away again this morning. I was prepared just to let her fly.After spending the night on my bed, the first thing she did this morning – while staring at me defiantly – was to squat, pee and poop on the carpet. I screamed and threw her in the yard. Five minutes later, she wasn’t in the yard anymore.
Oh, well, I thought.
RTT left for school. Five minutes later he was back at the front door – with Xena. “She was running down Main Street with this stupid bag over her head, and all the cars were honking,” he told me. “It was embarrassing. I almost left her there.”
I don’t know whether I’m happy or I’m sad he didn’t. Do dogs get Alzheimer’s?
