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Comment Re: Good for greece (Score 1) 1307 1307

Greece was just as much a sovereign country in 2010 as it is now.

The obsession with Germany driving this is simply unhealthy, yet a convenient foil to blame somebody else.

There are 19 Euro zone members. If Germany was isolated in its stance there wouldn't have been austerity measures.

The other PIGS that took the poison pill and recovered have very little sympathy, and the East-European and other Northern nations are even far less forgiving.

The Finish PM never gets tired of pointing out that the Greece debt that Finland holds equates 10% of its GDP.

It may make Greece protester feel good to draw a mustache on Merkel, but it's asinine and just speaking to the human need to have a scapegoat.

Comment Re: Good for greece (Score 1) 1307 1307

"They lose too much in a grexit."

This calculation is rapidly readjusted at this point. The Greek economy is peanuts in comparison to the whole EU, and setting a precedent that you can bend the rules with impunity will be more expansive.

My bet: Greek sovereign default by the end of this week. Grexit by the end of the months after the ECB stoped re-financing the Greek banks.

Comment Re:You know what would REALLY motivate kids? (Score 1) 208 208

There is nothing natural about markets.

Markets don't just happen automatically, they are created by governments that level the playing field, provides fair jurisprudence and enforce contract law.

I am all for good governance with checks and balances precisely because I like free markets and personal liberties.

The tree of research must from time to time be refreshed with the blood of bean counters. -- Alan Kay