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The Sick Man of Europe (Short History of Greece)
Defining Ideas ^ | March 9, 2012 | Victor Davis Hanson

Posted on 03/09/2012 8:17:54 AM PST by C19fan

Not long ago, European Union bankers gave the Greeks a €110 billion bailout—along with stern recommendations to stop cooking their books, to go after tax cheaters, to trim fat public payrolls, to reform ludicrous pensions, and to open up the economy to the private sector.

The money men were answered with riots, strikes, and defiance in the streets of Athens. Even as the government has nodded that it would enact prescribed austerity measures, it found ways to delay or subvert them. The Greek message, whether deliberate or not, came off as either, “Don’t tell us how to spend your money,” or “We owe you so much that we dare you to try to collect.”

(Excerpt) Read more at hoover.org ...


TOPICS: Culture/Society
KEYWORDS: greece; vdh; victordavishanson

1 posted on 03/09/2012 8:18:06 AM PST by C19fan
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To: C19fan

“The Sick Man of Europe” was a nickname applied to Germany less than a decade ago.


2 posted on 03/09/2012 8:27:37 AM PST by Olog-hai
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To: Olog-hai

Germany is alot sicker than it appears.


3 posted on 03/09/2012 9:37:40 AM PST by Parmenio
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To: Olog-hai

The irony of using the phrase is that it was first used about 200 years ago of the Ottoman Empire (when much of Southeast Europe was still under Turkish rule).


4 posted on 03/09/2012 9:50:05 AM PST by Verginius Rufus
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