Greece is Toast. Get Over It and Move On!

Varoufakis extends Washington DC charm offensive aftertalks with Lagarde -Greek finance minister meets with senior officials in hope of shoring up support from the US to protect country from expulsion from eurozone…..Emerging from discussions with Lagarde on Sunday, Varoufakis had insisted Greece intended “to meet all obligations to all its creditors, ad infinitum”. In the coming weeks, the country faces a series of debt repayments, including a €450m (£331m) instalment to the IMF on 9 April......The Greek prime minister, Alexis Tsipras, was swept to power nine weeks ago on an anti-austerity platform and ever since has been haggling with Brussels, the European Central Bank and the IMF over a cash-for-reforms deal to unlock €7.2bn in aid.......Tsipras heads to Moscow for talks with the Russian president, Vladimir Putin, on Wednesday..... reforms –including the sale of state assets – will not be easy. Internal dissent within Syriza, the governing party, has peaked in recent days with far-left militants, led by the energy minister Panagiotis Lafazanis, robustly rejecting any suggestion of rolling back on pre-election pledges......To Read More......

My Take –Greece is toast, and it should be. The population is economically child like demanding ice cream instead of potatoes, even though potatoes are healthier. They have demonstrated their economic ignorance and irrationality by picking a government that not only promised them more ice cream, but better ice cream, digging them into an even deeper hole than they were already in. There’s no fixing Greece! Let it fail!. As an old entomologist once said: “There’s nothing like a good epidemic to get things started”! Well, bankruptcy is the epidemic their economy needs in order for the Greeks to attain wisdom.

As for them becoming puppets of the Russians and Vladimir Putin – who cares? The Russians kept Cuba viable for decades until they went broke themselves. Russia isn’t in an economic position to pump billions upon billions into Greece the way they did with Cuba to keep it stable, especially since it’s clear the people of Greece, and it’s current government, have no intention of curtailing their irrational spending programs.

As for their expulsion from the EU – well, what happens when a large corporation finds that one of its subsidiary companies is failing to make money? They get rid of it or close it down, making the parent corporation smaller, more manageable, stronger and profitable. Greece is toast and the sooner everyone realizes there’s no saving it in its current form the better everyone will be down the road, including the Greeks. And that will be a great object lesson for France and all the other socialists in Europe. As for the EU – with its irrational regulatory programs involving the environment, especially global warming, and their Alice in Wonderland view of economics - I’m amazed it’s still in existence.
 

Socialism always promises utopia.  The truth of socialism is that it delivers dystopia - misery, squallor, suffering, disease and early death, because socialism eventually runs out of other people’s money.  As for these large unyielding central planning bureaucracies, filled with incompetent people who’ve never started a business, ran a business, or had their homes on the line to keep a business open are making economic decisions about other people's businesses and money - they are nothing but an albatross to humanity.