Greece 'far right' rejects austerity after 'socialists' capitulate! (user search)
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  Greece 'far right' rejects austerity after 'socialists' capitulate! (search mode)
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Author Topic: Greece 'far right' rejects austerity after 'socialists' capitulate!  (Read 7219 times)
TheDeadFlagBlues
Junior Chimp
*****
Posts: 5,990
Canada
« on: February 13, 2012, 06:13:00 AM »
Quote from: Χahar on February 13, 2012, 04:06:30 AM
At this point, if I were in Greece, I would be voting KKE. They might be unreformed Stalinists, but the cult of Marx is better than that of Market.

I'd be voting for SYRIZA; DIMAR is filled with too many Europhile sentiments for my tastes and I would never support an outright Communist party.
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TheDeadFlagBlues
Junior Chimp
*****
Posts: 5,990
Canada
« Reply #1 on: February 15, 2012, 05:26:18 AM »
I can't believe that there are relatively educated posters on this forum that buy into the neo-liberal myth that the plight of the Greeks was caused by profligacy. The severe economic downturn that was worsened by the EU's monetary union is to blame for the currently outrageous debt to GDP levels. Greece has no control over monetary policy so it was hamstrung in meeting the downturn head-on. The bondholders naturally react differently to nations caught in this situation. This was the perfect recipe for a positive feedback loop of destruction across the so-called "PIIGS" nations.

http://www.levyinstitute.org/pubs/hili_113a.pdf
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