Joseph E. Stiglitz: The U.S. Must Save Greece

Time ^ | July 9, 2015 | Joseph E. Stiglitz

[C19fan]

If Greece continues with austerity, it would be depression without end

As the Greek saga continues, many have marveled at Germany’s chutzpah. It received, in real terms, the largest bailout and debt reduction in history and unconditional aid from the U.S. in the Marshall Plan. And yet it refuses even to discuss debt relief. Many, too, have marveled at how Germany has done so well in the propaganda game, selling an image of a long-failed state that refuses to go along with the minimal conditions demanded in return for generous aid.

[C19fan]

Not one direct US cent for corrupt Greece although we are on the hook because we contribute about 18% of the IMFs funding. Nobody pointed a gun at Greece's head and forced it join the Euro. They lied to get into the Euro. If Greece does not want austerity leave the Euro.

[grobdriver]

The U.S. Must Save Greece

Screw that - we can't even save ourselves.

[I want the USA back]

No money to Greece!

[Pearls Before Swine]

And Puerto Rico too? And Illinois? And CA? And Detroit?

[PeteB570]

Lets not - Europe’s problem. Let them handle it for once without us.

[djpg]

Greece must be saved at all costs so that the reputation of socialism will not suffer.

[Neoliberalnot]

The aim of most world leaders is to maintain a positive image for failed socialist/communist governments. Conservatives know that these forms of rule are nothing more than organized crime rings. In fact, the mafia generally does a better job at running their enterprises and the serfs are far more likely to survive.

[Logical me]

Screw Greece! They brought it on themselves. Just the same way we are heading. To many Americans are supported by Government in the form of welfare and too damn many Government employees.

[DesertRhino]

“They lied to get into the Euro.”

Those wily Greeks totally scammed those German central bankers. Why, the central bankers were almost as amazed as when bundles of subprime mortgage based securities turned out not to be a first class investment.
The unsophisticated rubes of the world should all stop taking advantage of these trusting and helpful central bankers. lol

[WorkerbeeCitizen]

no we mustn’t

[Kickass Conservative]

We will just as soon as the SCOTUS Rules that we are really part of the EU.

It’s right there written in Black and White in that Constitution thingy.

[rfreedom4u]

The U.S. Must Save Greece

Why us? We didn’t create the problem.

[dfwgator]

Guck Freece.

[RayChuang88]

Here's how to save Greece: get them off the Socialist path and make them adopt things like a simplified income tax system that encourages savings and capital formation staying in the country and much simplified regulations to encourage more business activity in the country.

[griswold3]

Sorry, end of the road for Greece. Stiglitz, this is proof that socialism has run out of other people’s money.

[mulligan]

Another stupid and ignorant economist.

[skeeter]

“Progressives” can’t allow a welfare basket case anywhere on the planet to fail. Domino theory and all that.

[dfwgator]

I'd rather listen to Hugo Stiglitz, than this guy...

[Georgia Girl 2]

WE can’t save ourselves. Greece is on their own.

[Farmer Dean]

I think that we could save ourselves,but most people are loath to do what’s needed.