Greece's New Economics Minister: 'Europe Doesn't Need To Be Afraid'

[unhappycamper]

http://www.spiegel.de/international/europe/interview-with-new-greek-economics-minister-stathakis-a-1015956.html



Greece wants to renegotiate its austerity program and kick the Troika out of the country.

Greece's New Economics Minister: 'Europe Doesn't Need To Be Afraid'
Interview by Manfred Ertel
February 02, 2015 – 01:32 PM

SPIEGEL: Mr. Stathakis, should Europe be afraid of a self-confident Greece that refuses to pay its debts?

Stathakis: Afraid of what? No, you don't need to be afraid. Syriza was all along arguing that the terms imposed by the troika have extremely negative effects on our economy and on our people and that they must be changed. The same is also true of Europe.

SPIEGEL: How do you mean?

Stathakis: By way of changes to financial policy toward a more expansive public monetary policy. Our citizens are tired after five years of strict austerity; they feel as though they have been punished by Europe. We need a new agenda for a healthy economic development and a sturdy fiscal framework that alleviates the negative social effects of the crisis. That is why Syriza's election victory could help push through a new type of crisis management in Europe.

[1StrongBlackMan]

1. True, "Europe" doesn't need to be afraid ...

but the investor class does ... nd the current model of "capitalism" does. Should this intrepid nation pull of half it's platform, it will give lie to the wrong model ... A nation actually can prosper while providing basic protections for its people.

Wow ... imagine an "Iceland" in the middle of Europe, for all to see.