Greece is being destroyed by 'respectable' fanatics

[T_i_B]

http://www.guardian.co.uk/commentisfree/2012/feb/19/nick-cohen-greece-european-union-crisis

Greek democracy is being destroyed. Not by soldiers marching with insane slogans on their lips about the inevitable triumph of the German master race, international proletariat or global jihad, but by moderate men and women who think themselves immune to ideological frenzy. Greece's enemies are novel, but no less frightening for that: extremists from the centre ground; the respectable running riot.

Which ever way you cut it, Greece can't win. The EU "bailout" cannot perform the first function of a rescue and save the sufferer from suffering. The Germans, with Dutch and Finnish assistance, are pushing Greece into a death spiral. The EU demands that Greece cuts 150,000 public jobs over three years – the equivalent in terms of population of our government taking 800,000 jobs from the UK public sector. Greek politicians must also accept without a quibble a 22% cut in the minimum wage and further reductions in the welfare state. Greece is in permanent recession. The economy shrank by 7% in the three months to December 2011. Tens of thousands of family businesses have gone bust. Europe is now offering to revive Greece by impoverishing it; to heal it by harming it. As Tacitus said of the Roman legions' earlier attempt to impose a European union: "They make a desert and call it peace."

Whatever the political consequences, every sensible financial commentator understands that the Greek economy can take no more. The "bailout" will merely push it deeper into the mire. The EU's terms do not begin to match the altruism the United States showed to the defeated Germans after 1945. America did not pauperise West Germans as many in France and indeed Washington wanted. America guaranteed their security, then gave them loans from the Marshall Plan that allowed the West German economic miracle to begin. Greece has invaded no one and committed no crimes against humanity. Yet the EU, which boasts that solidarity is its founding principle, is forcing it into destitution and chaos.

The EU cannot take responsibility for what it has done and be magnanimous for reasons British readers may not grasp. Raised in a Eurosceptic country, we do not understand how an absolute commitment to the European project was a mark of respectability on the continent. Like going to church and saying your prayers for previous generations, a public demonstration of commitment to the EU ensured that the world saw you as a worthy citizen. If you wanted to advance in Europe's governing parties, judiciaries, bureaucracies and culture industries, you had to subscribe to the belief that ever-greater union was self-evidently worthwhile.

[Mojorabbit]

1. Interesting it is called again a welfare state

I saw a chart yesterday refuting that.
http://www.businessinsider.com/greece-what-a-welfare-state-2012-2?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Money%20Game%20Select&utm_campaign=MoneyGame%20Select%202012-02-18

It seems they are going to sell of the assets of the country bit by bit.

[saras]

2. A welfare state is an economic impossibility for more than a few years, hence a smear term

...unless you're the sort of fanatic that defines public spending for anything other than punishing and killing via armies or police to be a "welfare state".

There aren't any "welfare states".