nick venedi

Wednesday 10 October 2012

Angela Merkel in Athens

I don't agree with the method used by the EU and the CEB which has as its centre the need to impose massive austerity anti growth measures on countries like Spain, Greece and Portugal. The punishment dished out on the general population using such a system is unfair and it affects the most vulnerable in society.

I also know, as many others do, that not allowing these countries to promote growth in their own economies means that they will never be able to repay the huge debts they have accumulated. It is pure madness to use a method which kills the patient in order to cure his illness? Total madness.

At the same time I think that the anti German hysteria in countries like Greece is not justified and the decision taken by Angela Merkel to visit yesterday was a positive one. There were 50,000 demonstrators in the streets of the capital city with a population of 4 million, which is, by comparison, small compared to many other similar events. The people of Greece must be heard and Angela Merkel's visit was a reasonably good idea. Alexis Tsipras can move to Argentina if he feels so strongly that the Argentinian model is so Utopian. Many Greeks I know would gladly pay for his one way no return ticket.

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