[bigturtle]

Ye! Austerity is bad, against “people’s will”. So, what are viable alternative?

Greek runs a primary deficit – which means even if interest rate drop to zero and no debt repayment, Greek government is still in deficit. Who is going to pay for that? Why should any other nations pay for a nation produces near nothing but consume a lot – lots of civil servants and universities produce lots of worthless degrees.

Print money? why Asians (sorry most creditor nations are there) are still accepting EURO to exchange their hard labor (shoes, clothes, …,etc.)? If ECB prints EURO into Zimbawa money, what do you expect.

Wake up! if you think that a country can have only heaps of civil servants, universities produce low quality high self esteem graduates, excellent social welfare programs and produce nothing useful.

[Author]

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