posted on May, 31 2012 @ 03:18 PM
WOWOWOWOW - and yet they have washed their hands...
Thursday, May 31, 2012
The crisis in Greece and arms purchases
Jim Stewart: Recent comments by the Head of the IMF (Christine Lagarde, Guardian Newspaper 26th May) in laying the blame for the crisis in Greece on
Greek people (Greek people should help “themselves collectively by all paying their tax”, and that it was now “pay-back time” for Greece) have
proved controversial. Overall Lagarde is quoted as stating that “she has more sympathy for children deprived of decent schooling in sub-Sahara
Africa than for many of those facing poverty in Athens”.
Hostility to Greece
Taking these views at face value, and ignoring the calculus as to how different levels of deprivation might be compared and the role of the IMF in
fostering such deprivation, they are not unique. The head of Deutsche Bank has described Greece as “a failed state ... a corrupt state” (Guardian
newspaper May 26, 2012). Der Spiegel (5/10/2012) quotes newspaper coverage citing growing sentiment in Germany that Greece may leave the Euro and that
this might be a good thing as a Greek exit could make the euro stronger and could also have a “disciplinary effect on other countries”. At the
same Spain and Italy are regarded with sympathy in contrast to Greece. An article in the New York Times states ‘Greece, on the other hand, is
roundly criticized for lying about the true state of its finances again and again, before and after joining the euro zone, and its failure to take any
of the numerous steps demanded by its creditors to modernize its economy and — a particularly sore point — its tax collections. Its status as a
special case is underscored time and again’.