Monday, June 29, 2015

Krugman: Greek Voters Should Vote "No" on Bankster Referendum

Paul Krugman commentary actually makes some sense on the July 5th Greek referendum, where voters will vote on whether to accept the most recent bailout/austerity package proposed by European banksters:
I would vote no..the political implications of a yes vote would be deeply troubling. The troika clearly did a reverse Corleone — they made Tsipras an offer he can’t accept, and presumably did this knowingly. So the ultimatum was, in effect, a move to replace the Greek government. And even if you don’t like Syriza, that has to be disturbing for anyone who believes in European ideals.
And in his column today, he has this beautiful first line:
 It has been obvious for some time that the creation of the euro was a terrible mistake.
And this:
[T]he Greek government should be ready, if necessary, to leave the euro.
And more clearly on the last bankster proposal to Greece:
 This is, and presumably was intended to be, an offer Alexis Tsipras, the Greek prime minister, can’t accept, because it would destroy his political reason for being. The purpose must therefore be to drive him from office, which will probably happen if Greek voters fear confrontation with the troika enough to vote yes next week.
Of course, the Krugman ideal would be a Greek government that goes and merrily prints up new drachma to solve all its problems. That's jumping from the bankster fire into the Zimbabwe fire.

That said, Greece leaving the euro is not a bad thing. In fact, it would be great if a fiscally responsible government was in charge in Greece that would also remove the suffocating regulations on the economy and run a sound monetary policy, but that is not the case. When the choice is bankster austerity oppression or radical leftist government interventions, any way the Greeks go they will suffer and suffer tremendously.



  1. Greece will be on Euro life support as long as it stays.

  2. Same dog different fleas. The Greeks will never be free from their own stupidity. Leaving the Euro won't change that.

  3. Sadly, it would have been far better had the Greeks voted NO much earlier, before their politicians and government went on a drunken spending spree (mostly to over-hire and overpay government employees, amongst other irresponsible financial policies).