Monday, June 29, 2015

You are walking along the street & see someone lying in a doorway, clearly incapable of looking after themselves & in desperate need of medical attention.

Do you:

A. See what you can do to help, ring for an ambulance, get them treated as soon as possible & find out ways to help them build a life again?

B. Thrust a 50 euro note into their pocket with a slip of paper saying you'll be back tomorrow to take 10 euros back & - if they are still in no better shape - you'll give them another 25 euros but expect 20 euros back the next day ... & so on for the foreseeable future (despite seeing that they will only be getting worse) ... but knowing that this is a game you & a few friends have devised certain in the knowledge that if things get really bad you can always offset that 50 euros in another way (in fact, you've already made plans ...).

Seem familiar?

Obviously I understand very little about Economics. However, could someone please explain what is the point in debating whether to pour more billions of euros into Greece when a) it clearly has little capacity to generate any income of its own & b) austerity measures are guaranteed to stifle what feeble attempts at recovery there might be?

Would it not be more appropriate - indeed urgent - to discuss what could be done to regenerate the economy (& not simply rely on tourism)? Construction projects. Agricultural initiatives. Fishing. Shipping. Cultural & intellectual developments ...

Or is there a more sinister agenda in place - hands already being rubbed in anticipation of assets which will be going for a song as & when the country's infrastructure collapses.

Who'd like an island?

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