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marmar

(79,109 posts) Tue Jun 30, 2015, 06:21 AM Jun 2015

Joseph Stiglitz: Europe’s war on Greek democracy [View all]

by Joseph Stiglitz

NEW YORK (Project Syndicate) — The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors.

In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power and democracy much more than money and economics.

Of course, the economics behind the program that the “troika” (the European Commission, the European Central Bank, and the International Monetary Fund) foisted on Greece five years ago has been abysmal, resulting in a 25% decline in the country’s gross domestic product.

I can think of no depression, ever, that has been so deliberate and had such catastrophic consequences: Greece’s rate of youth unemployment, for example, now exceeds 60%. ..................(more)

http://www.marketwatch.com/story/europes-war-on-greek-democracy-2015-06-29?dist=beforebell

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Joseph Stiglitz: Europe’s war on Greek democracy [View all] marmar Jun 2015 OP

See tons of sticks with no carrots dembotoz Jun 2015 #1

I think Stiglitz' neo-Keynsianism is out of favor with the Democratic Party KingCharlemagne Jun 2015 #2

+ 1000 nt abelenkpe Jun 2015 #5

I read that when a nation signs onto to be part of the EU they agree to penalties if they withdraw fasttense Jun 2015 #6

No plan, no penalties GermanWatcher Jun 2015 #9

Thanks for the info fasttense Jul 2015 #20

Hear hear! ananda Jun 2015 #3

Globalization does indeed suck FlatBaroque Jun 2015 #15

No worries, really. Jerry442 Jun 2015 #4

Yet another demonstration that governments cannot be run like family budgets. HereSince1628 Jun 2015 #7

It's also another demonstration that the increasingly abstract nature The2ndWheel Jun 2015 #10

It is the hollowing out of nations. Its happening here as well. FlatBaroque Jun 2015 #16

I fear that is what TPP is about. Enthusiast Jun 2015 #18

That and the race to the bottom hifiguy Jul 2015 #25

The more people are shoved down.... daleanime Jul 2015 #26

The objective is world conquest hifiguy Jul 2015 #27

The attitude of bankers sulphurdunn Jun 2015 #8

You are not alone in thinking that way FlatBaroque Jun 2015 #14

And if the referendum (dumb idea by a dumb leader) puts the Greeks in favor of payment, what then? randome Jun 2015 #11

Neo-liberalism is the death of democracy malaise Jun 2015 #12

Yes, it really is. Enslavement, or liberty? Gee, difficult choice. closeupready Jul 2015 #22

It should be clear to all watching that FlatBaroque Jun 2015 #13

So, in which court would the European Union be put geek tragedy Jul 2015 #21

K & R !!! WillyT Jun 2015 #17

K&R blackspade Jun 2015 #19

Greece has had a civil war and military coup within living memory... First Speaker Jul 2015 #23

The predominant theme: it is about power and democracy much more than money and economics. Jefferson23 Jul 2015 #24