NP - Why the Euro Is a Selfish Jerk

[Jerome Park]

On Sat, Apr 18, 2015 at 8:32 AM, Jerome Park <jeromepark3141 at gmail.com>
wrote:

> I agree that pop psychology shouldn't be applied to the Euro crisis, but
> neither should the propaganda response to it. The propaganda about Greece's
> irresponsible party is far worse than the pop psychology analysis because
> it has become the common narrative now despite the facts. Alexis Tsipras
> was elected to end the impact of that propaganda narrative, that is, the
> austerity measures that have crippled the Greek economy and prolonged the
> Euro crisis. Five years ago, when the so-called troika and Greece agreed to
> a plan to lift Greece out of recession through austerity, to end the Club
> Med Party in Greece and, through responsible measures, bring Greece back to
> a competitive level, the narrative was a lie and it is still a lie.
> Austerity failed. Miserably. The plan, one that all must bear
> responsibility for, was deeply flawed, in large measure because it assumed
> that Greece needed more responsible fiscal austerity to grow. Nope. Not
> what Greece needed. The bitter medicine was swallowed and it made the
> patient sicker. So now, with a government elected to stop the treatment
> that is killing Greece and try a new treatment, the troika is in a panic
> because, while the world knows its austerity plan failed, the troika wants
> to keep its narrative from being discredited by Greece's new Leftists. They
> just got elected. Shouldn't they be given a chance to govern?  But who will
> pay the pensions and support the people? Greece will. It can do this with
> Euro dollars or with a Greek currency. But either way, it should not permit
> the propaganda narrative to win.
>
>
> John Bailey <sundayjb at gmail.com> wrote:
>
>> Yeah, this kind of pop psychology probably shouldn't be applied to
>> nation-states. Not hiring someone for a job is of a different order to
>> not relieving a nation of its economic burden, and suggesting that an
>> entire country and its heterogeneous population is reflected by the
>> fiscal decisions of the ruling party doesn't bode well for any of us
>> bastards, either. ...
>
>
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