Paul Krugman: Ending Greece’s Nightmare

Hardly has been announced that SYRIZA won the elections and several internet trolls started their poisonous work, also here in this blog.  Trolls came out of their caves and rub their hands full of glee and sardonic smiles as their venomous saliva running down their jaws. They set up their clock to tick towards “default” and “Grexit”.  But they miss several important facts: how things are being done in this big real world, where nothing just black or white.

It is no a secret that the program of  unprecedented descendent austerity the Troika of IMF, EU and ECB imposed to the Greek society cannot work, it cannot produce but a vicious cycle of debt and more debt and extreme poverty for millions of people.

American Economist Paul Krugman wrote an op-ed in New York Times, on how the Troika should deal with the new force governing Greece:

“Alexis Tsipras has won, and won big, European officials would be well advised to skip the lectures calling on him to act responsibly and to go along with their program. The fact is they have no credibility; the program they imposed on Greece never made sense. It had no chance of working.

If anything, the problem with Syriza’s plans may be that they’re not radical enough. Debt relief and an easing of austerity would reduce the economic pain, but it’s doubtful whether they are sufficient to produce a strong recovery. On the other hand, it’s not clear what more any Greek government can do unless it’s prepared to abandon the euro, and the Greek public isn’t ready for that.

Still, in calling for a major change, Mr. Tsipras is being far more realistic than officials who want the beatings to continue until morale improves. The rest of Europe should give him a chance to end his country’s nightmare.” (full article in NewYorkTimes)

Trolls are well advised to read Krugman’s article and shut their jaws up then their saliva is building a huge lake where they could be drawn within.

 

Troll spotted in my blog; they are not many though 🙂