My heart breaks for Greece and its people. The proper approach to the economic crisis was adopted by Iceland. A Courageous Approach. Iceland put the "Banker's Deal" to The People in a referendum and The People said "NO!" The Icelandic Government then applied accountability to the Bankers and Politicians that caused their crisis, through corrupt acts, by prosecuting them. The People of Iceland then rewrote their Constitution to eliminate any repeat of malevolent International Bankers crashing Iceland's economy. Instead of inflicting vicious levels of austerity on the Icelandic people, their debts were written off. With all these positive, people centric moves, the economy of Iceland is recovering, not desiccating in the horse latitudes like Greece, Spain, Portugal, Ireland, Italy ... etc.
The unambiguous truth is ... and I think privately Papandreou, the leaders of Greece, and the other afflicted nation's leaders would agree ... none of the Eurozone nations in toil today could afford being tied to a currency shared by an economic powerhouse like Germany. They were ALWAYS going to be reduced to a neocolonial relationship in the end, they would NEVER be equals. Now we see the truth baring its sinister smile.
I still believe the Iceland template was the best choice, who knows how this current misery ultimately plays out. Sadly.
Read the Article at HuffingtonPost
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