Re:In Greece, Property Is Debt
by pdkl95 on Wednesday November 02, 2016 @09:38AM
(#12854510)
> claiming that the finance ministers are purposely rigging things so that Greece will fail
> First I've heard of this
I suggest listening[1] to Yanis Varoufakis talk about his negotiations with the rest of the EU's finance ministers. He talks about the rigged process, and the ultimatum they gave him when he pushed for a saner refinancing plan. Schäuble's response, according to Mr. Varoufakis, was "Elections cannot be allowed to change the economic policies applied to Greece!"
For background on how this situation was created, see Mark Blyth's very nice discussion[2] of the Greek situation and how it fits in with the larger Euro problem.
> First I've heard of this
I suggest listening[1] to Yanis Varoufakis talk about his negotiations with the rest of the EU's finance ministers. He talks about the rigged process, and the ultimatum they gave him when he pushed for a saner refinancing plan. Schäuble's response, according to Mr. Varoufakis, was "Elections cannot be allowed to change the economic policies applied to Greece!"
For background on how this situation was created, see Mark Blyth's very nice discussion[2] of the Greek situation and how it fits in with the larger Euro problem.
[1] https://www.youtube.com/watch?v=ihVcrnFag1s#t=672
[2] https://www.youtube.com/watch?v=B6vV8_uQmxs#t=778