this week’s financial antics will expose the follies of five years

You can’t muddle through forever, eventually things actually have to happen. But at this final hour, I can’t help but imagine a metaphor of Greece as a coke addict, curled up in a ball on the floor of an abandoned building, shaking, and the Troika is standing hunched over him, arm around the shoulder, offering the chance to take yet another hit.

Unless you happen to live in a realm not called reality, you cannot deny Greece has been bankrupt for five years. But everybody’s kept trying to find a way to muddle through. Greece is surely to blame for running up unsustainable debt; but blame the EU, IMF, Bank(s), and the EU for allowing the fiction of solvency to continue.

Don’t believe me? Just read this paragraph I altered from this BBC article:

 

Greece’s temporary [clean moment] is sending [dealers’] money into other [drug] markets, which experts say will continue in the short-term, as [dealers] worry about a potential massive [drug free era] in the country.

Despite worries about the deepening [drug free era] in Greece, [cocaina] market watchers say that [dealer] markets are equipped to handle the short-term volatility.

“To a certain extent, we do expect markets to react to this, with peripheral [coke] yields probably higher, the [price of blow] a little bit lower throughout the week and some strength in the safe havens like [heroin] and the [new synthetic powders],” David Stubbs from [Venezuela] told the BBC’s Today programme.

He added that because the [corner] situation in the eurozone had improved since 2011, the region’s [habit] should be able to weather the storm.

 

Everybody wants to shout about how bad it’ll be for Greece if they formally go bankrupt, leave the Euro, and otherwise temporarily exit financial markets. Well you know what, Greece’s been in depression for five years. A Greek child born yesterday is currently scheduled to spend the first five decades of their life paying off debt they don’t own.

Bankruptcy laws were created for a reason, both for individuals and even countries. That the EU is trying so very, very hard, even today, to do a pathetic-last-minute-deal-that’ll-just-kick-the-can-down-the-road-for-three-months has really turned my brain into thinking it’s become entirely about the EU. And the Troika isn’t bothered by what happens to the Greek citizen. And it also doesn’t help things when Greece has a prime minister who literally appears so removed from realism every day I think he’s actually on coke.

Just let them go bankrupt. It’ll be a very, very hard decade. But after five years, and facing five more decades of this, short term suffering is better than enduring a perpetual debt state. Pull the EU dealer off Greece’s shoulders, take that dude to a clinic, and get him clean.

flags

coming soon; to a flaming agora protest near you

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