Re: Two more informed Greek voices on the crisis and the failure to confront it
- From: ADR <aretzios@xxxxxxxxx>
- Date: Thu, 6 Jan 2011 17:02:29 -0800 (PST)
On Jan 6, 11:30 am, Nashton <n...@xxxxx> wrote:
On 05/01/11 8:18 PM, ADR wrote:
Here are the opinions on the crisis of two Greek economists
What makes them "informed" exactly? is it because they agree with your
No, not at all. I do not mind those informed who can articulate a
highly contrasting point of view. Those who would not dismiss the
financial projections as "we cannot predict the future" etc, etc. If,
on the basis of projections used by the government and the IMF (and I
ask no more) they can convince me that these are highly desirable
policies, then, one should try. Nobody has done so, thus far. The
only "pro-" statement is that there is "no other way" and "one has to
accept things as they are". None to my knowledge has ever argued that
these policies are the best for Greece. If you know of anybody, let
us know. If Scioppa, one of the fathers of the Euro who was advising
the Yiorgakis until his recent death was written an editorial with
Jack Delors in the "Financial Times" that the EU must devise different
policies because austerity by itself was bound to fail and that Greece
would very likely default.
I think that if financial projections are used by the IMF in support
of their policies in Greece, I would expect those who support the said
policies to stand by these projections and explain their desirability
in this forum and to Greeks in general. In fact, I have found nobody
who actually disagrees with these projections. Do you??? Do you
actually disagree that Germany is making a profit from Greece? Do you
disagree that the total debt would be 160% GDP in 2014 and that Greece
would need to pay that year anywhere between 75 to 110 billion euros
(virtually 30% GDP, depending on rescheduling) to its creditors???
These numbers are not rocket science nor are they that much depended
on any future occurences (unless, of course, the government is
starting having a surplus of 5% tomorrow ...and pigs would fly).
So, if you can make this argument, (and none has), be my guest.
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