Gee, I wonder what would happen if I announced that beginning April 1, I will no longer be paying any of my debts, and at the same time placed a request for new loans?
Syriza’s program always held a strong dose of political fantasy.
Greece needs EU bailouts and without them the country would collapse. It can barely pay its bills right now.
Of course it can unilaterally scrap austerity and try to get by without international help but the pain maybe more than the Greeks are willing to bear.
Right now, its shaping up to be a game of political chicken between Athens and Brussels.
Eject them from the EU - let them eat drachmae.
A Greek government meeting.....
“Well, we basically have two choices. We can knuckle-down and produce something the rest of the world wants to buy, or we can get drunk. Which will it be?”
“Opa! Opa! Opa! Who wants to see me dance?”
Greece needs to bail out of the EU. Better all around.
If Greece goes into receivership, maybe Germany will take over their bureaucracy and run it with Germans.
Not as bizarre as it sounds on the surface, as in the time of the Czars in Russia, this is what they did, import Germans as bureaucrats. Lenin tried to abolish the German bureaucracy, and Russia came to a standstill, so he had to hire the Germans back.
Imagine the shock in Greece when they suddenly had bureaucrats who refused to be corrupted with bribes; as well as a serious crackdown on tax cheats?
Enter ISIS, stage left.