Reza Moghadan, former head of the IMF European department wrote recently in the Financial Times: “Europe is demanding implementation, in the next few weeks, of a long and comprehensive list of actions that previous governments were unable to deliver in the space of a few years.”
These impossible demands make sense if the aim is for eventual "regime change". However, it is not clear what good this would do as long as the creditors continue the present policy of demands that are politically disastrous for any Greek government to try and satisfy. However, insisting on continuing disastrous policies seems to be a hallmark of EU negotiations with Greece Sources: http://news.yahoo.com/greece-offers-concessions-talks-creditors-063638117--sector.html http://www.dw.de/finance-minister-sch%C3%A4uble-hints-at-preparations-for-a-plan-b-on-greece/a-18408886 http://www.ctvnews.ca/business/there-is-only-one-plan-and-that-s-greece-in-the-euro-french-official-says-1.2344674 http://www.voanews.com/content/plans-for-potential-greek-exit-from-eurozone-played-down/2734353.html
1 Comment
Hannah
27/4/2015 04:03:15 pm
In my opinion it is the EU's fault all along. In the 50s, 60s and 70s all the countries in Europe were flourishing and the economy was booming. None of them had these mounting of debts. Somebody must be pulling the rope tighter and tighter. Even the German economy is tight after they had in three decades after war a booming economy. What happened to it and the money which must have been there? Merkel still puts on a high and mighty show but look at her closely;she is trembling. Greece, Italy, Spain and Ireland never needed these constant and increasingly bail-outs before.
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Ken Hanly
Ken is a retired philosophy professor living in the boondocks of Manitoba, Canada, with his Filipina wife. He enjoys reading the news and writing articles. Politically Ken is on the far left of the political spectrum on many issues.
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