Greece is going for the popular “tear the bandaid off slowly” gambit. And for “popular” read “psychotic” throughout.
I’m not sure how clearly this is coming across to you over there, but the troubled economies of Europe are insane. I can’t say it more succinctly than that. I am only just realizing how deeply, irredeemably insane.
Greece believes it can say no to cuts and it will stay in the Euro anyway, no matter how many times they’re told otherwise. The new Socialist government of France is limbering up its taxation muscles, ready to drive more prosperity out of France at the worst possible moment.
At the G20 summit, when a Canadian reporter asked European Commission President José Manuel Barroso why North American should bail out Europe, he answered
“We are not coming here to receive lessons in terms of democracy or in terms of how to manage our economy…”
“This crisis was not originated in Europe,” Mr. Barroso said. “This crisis was originated in North America. Many in our financial sector were contaminated by unorthodox practices from some sectors of the financial market.”
Which sounds an awful lot like the popular “fuck you, give me a bunch of money” gambit. And you already know what I mean by popular.
Honestly, you have no idea the deep and irrational belief the peoples of Europe have in the power of the EU — a union that is neither particularly old nor conspicuously successful.
Greece is thumbing its nose at Brussels and the demands of Germans not because they don’t care about the euro project. Quite the reverse. They don’t believe they can be kicked out for their shenanigans any more than California will be kicked out of the USA.
I wish they’d tear the damn thing off and get it over with.