Gutfright
Member
- Joined
- 22 Jan 2016
- Messages
- 639
That seems somewhat questionable. There's a pretty good argument for saying that Greece did get itself into a bad mess in the first place - by allowing allowing a culture of not paying taxes to develop, while trying to spend money on consuming more than it was producing as a country. The EU did subsequently lend Greece a huge amount of money to help the country recover, attached to an austerity program. Personally, I don't believe that the level of austerity required was the right answer, but I don't see any reason to doubt that those in the ECB who devised it did on the whole genuinely believe that it was the only way to get Greece's economy working properly again (just as, presumably George Osborne believes the same thing, albeit on a smaller scale, in the UK). There's no need to invoke a motive of vindictiveness to explain the EU's actions on Greece.
That's quite a good analogy, actually. The European Central Bank is much like the George Osbourne of Europe, both arrogantly using every pretext they can get to push austerity measures on others.
Whether you believe George Osbourne and the ECB are acting out of a sense of financial responsibility or are enacting a vindictive, vicious, ideologically-driven attack against the poorest and most vulnerable members of society depends on where you stand on the left-right spectrum.
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