Monday, July 6, 2015

Hold Those Responsible

The many Greeks who derived no benefit from the economic and fiscal policy that felled Greece should not have to pay for the few that did benefit. The world rails against collective punishment yet wants to impose collective punishment on Greece. If you want to make Greece suffer, why not take from the few Greek elites who gained even through austerity? They can easily afford a Cyprus-style "haircut". Do not take it out on the common folk. International creditors can bleed the poor Greeks dry, and it still will not come close to covering Greek debt.

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