Políticos y banqueros comparten un interés común: evitar el impago de Grecia y así salvar el euro, independientemente del efecto que lo anterior pueda tener sobre el pueblo griego.
I’m sorry to say that the European debt crisis is just beginning.
«Saving the euro» is a euphemism for governments saving the financial class – and with it a debt dynamic that is nearing its end regardless of what they do.
The Greeks gathering in Syntagma Square seem to need no culture shock to reject their Socialist government’s cave-in to European bankers. It looks like they may follow Iceland in leading the ideological pendulum back toward a classical awareness that in practice, this rhetoric turns out to be a junk economics favorable to banks and global creditors.