Crisis In Greece

[Ravajava]

How do you think Greeks will vote in the upcoming referendum, and what kind of impacts do you believe it may have on the Eurozone?

[JDPriestly]

1. No idea how they will vote, but John Perkins' book, Confessions of an Economic Hit Man

deals with the practice of loaning money to countries for development and then getting the country sort of addicted to debt.

I wish the best for the Greek people and Greece in this situation. Germany is in the wrong.

[swilton]

2. Part of the punishment

is related to the need to snuff out the left-wing heresy of a government that is standing up for its people against the IMF, EB, and EU.

[Ravajava]

5. Exactly

The is probably one of the few times a country with the stability and strength of leadership has found itself in such a situation. It'll be interesting to see how it fairs and how the organizations at its throat respond.

[tclambert]

3. I hope the Greeks stand up against the austerity movement.

The austerity economists have caused nothing but misery.

[Ravajava]

4. Yeah, and worse

And with the economy shrinking because of the cuts, there chances of every getting out of the situation they were in seemed pretty much non-existent. Austerity is a very short sighted economic policy.