I’m borrowing a thought from the insightful Ambrose Evans-Pritchard (to name but a few!) in today’s DT, where he describes the German proposals for Greece as ‘Carthaginian’. (Google, if you will.) The point is that when Carthage lost to Rome in 146 BC (3 – 0) the ensuing ‘peace’ settlement was unforgiving and ruinous. (Not unlike Man Utd’s moral defeat of Liverpool after Suarez-gate.)
The facts indicate that since Greece has never been able to implement any plan involving the collection of taxes and control of its civil service, yesterday’s ‘approval’ by the Parliament is worth less than the paper the local Hansard will waste on recording it. If the Troika of money-lenders (sinners that they are) decides to drop further trillions down the Hellenic drain, it will precipitate revolution in Greece: a phenomenon which has relatively frequently been the result of any attempt at government there.
Better by far, if like a parent out of patience with a profligate teenager, the Troika says no. Then the Greeks can find out what their economy is worth, as opposed to what it costs the rest of Europe.


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