NP - Why the Euro Is a Selfish Jerk

[Keith Davis]

Right on!


Www.innergroovemusic.com

> On Apr 19, 2015, at 1:56 PM, David Morris <fqmorris at gmail.com> wrote:
> 
> Jerome is correct: Austerity failed. Austerity is pop psychology applied to Economics. It was never a good idea.  My point in bringing up this article is that the Euro was never a good idea because there is no Euro-Nation, no real unity. So tying disparate economies together without a common good-will makes slaves to those small fries in hard times.  In the US, the rich states are constantly bailing out the poor states, and that's just what is considered normal.  Greece's debt could be instantly forgiven, and no one would suffer.  Everyone knows that is true, but the theater of responsibility and blame plays on and on...
> 
> David Morris 
> 
>>> On Sat, Apr 18, 2015 at 8:35 AM, Jerome Park <jeromepark3141 at gmail.com> wrote:
>>> Fela Kuti - No Agreement
>>> 
>>>> 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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