Posted on 08/05/2015 2:48:12 PM PDT by Lorianne
“All diplomacy is the continuation of war by other means,” former Chinese Premier Zhou Enlai once quipped. These days, the same might be said for eurozone summits.
The European Union was founded to ease the continent’s toxic wartime legacy, to allow Germany to help lead the continent, not dominate it. But in the aftermath of Greece’s most recent bailout this summer, the harsh austerity terms imposed on Greece have created an unprecedented level of animosity between the two countries. Now, as the rancor ripples across borders, many are questioning the EU’s political and economic future.
Under the terms of the bailout, Greece receives funding up to 86 billion euros ($94 billion). In exchange, the coalition government, led by the left-wing Syriza party, must implement further austerity measures, increase value-added taxes and liberalize the rule-bound Greek economy. Greece must place national assets worth 50 billion euros ($55.1 billion) into a privatization fund that will be supervised by European institutions.
(Excerpt) Read more at newsweek.com ...
“Greece must place national assets worth 50 billion euros ($55.1 billion) into a privatization fund that will be supervised by European institutions.”
Ha! What are they going to do? Mortgage the Parthenon? Deliver $55 billion worth of gyros sandwiches?
Maybe they can sell their half of Cyprus to Turkey for some quick cash.
He ripped that saying off from Clausewitz. "War is a continuation of policy other means."
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