"I shall wear the creditors’ loathing with pride." Yanis Varoufakis

[mother earth]

cross post from Economy:

http://www.democraticunderground.com/111669246

[geek tragedy]

1. For better or worse, he'll be remembered for the Grexit. nt

[mother earth]

3. No, if there is a Grexit, it shall be because of Angela Merkel, it's on her now and the

Troika.

For better or worse, a shared prosperity for all of Europe is not a bad thing for the Eurozone, it is an economic reason to unite and end beggar thy neighbor policy of Germany....this isn't only about Greece. I'm surprised when a DU'er doesn't understand the predatory nature of debt enslavement for no other reason than exploitation and of course, profits off the backs of the working class. It is class warfare.

If this goes bad and leads to a Grexit, it will be due to insatiable greed of oligarchy.

[MohRokTah]

4. The entire problem with the Eurozone is there is no strong central authority.

That completely screws things up with a single currency.

[mother earth]

7. The problem with the Eurozone is predatory tactics used by the Troika. As for no central authority,

it is a union of nations. The union is relatively new, but just like here, all of our economic woes go back to exploitation via oligarchs.

[geek tragedy]

6. There are 18 sovereign members of the Eurozone.

Why is Greece the only one to be having these problems?

Shared prosperity doesn't mean the Greeks get to freeload off the other 17 members.

If you don't want austerity, don't make yourself financially dependent on foreign countries.

[mother earth]

8. Greece is not the only one having these problems. You have not been following the

situation, or you would know.

You don't even understand "why" austerity...you have some digging to do if you wish to.

[geek tragedy]

13. Greece would kill to have Spain's or Italy's problems. nt

[RandySF]

2. I'm really sick of this.

If the Greeks don't want to pay their bills, they should just leave the EU.

[mother earth]

5. The Greeks do want to pay their bills. This situation was brought about by corruption of past

Greek politicians and the Troika. They knew exactly what they were doing when they approved the loans, they've been trying to delay payments so they could incur greater profits through "bail-outs". Things are never what they seem. One must follow the situation to have a grasp on all that has been playing out.

I can't give you a proper response in one blurb. Sometimes ignorance is willful.

[FlatBaroque]

9. These are the same damn people

who blamed homeowners for the mortgage crisis. Infuriating. Authoritarians always blame the victim.

[mother earth]

10. The predatory nature of the reason these "events" take place is beyond the comprehension of

some, it might "seem". Though, I do believe their lack of empathy and the inability to understand stems from another issue which is becoming quite clear as time goes on.

[DonCoquixote]

11. as anopthe rgreat leader once said

"I welcome their hatred!"

[mother earth]

12. Yes...exactly.

[phantom power]

14. +1