Greece, Wallowing in the Last of Its White Privilege

[JohnSmith]

"Somehow, someway, Greece has met its latest debt obligations, a 750 million euro payment to the International Monetary Fund. True, Athens used an IMF account to repay the IMF and is more or less blackmailing protection money from its municipalities. But to be fair, that’s actually a slight moral improvement on its usual strategy of blackmailing the Germans while holding the eurozone hostage.

The debt negotiations are basically a sham, of course, because nobody really thinks the Greeks are good for their whole 315 billion euro debt, but nobody wants to call them on it. Still, it’s necessary theater. The Greeks pretend to be frugal and the Germans pretend to believe them, because if they didn’t, Angela Merkel’s government would probably collapse. Or the euro would, at least in Greece, and that would collapse the great pretensions of the European project: that the continent is different, changed forever, and the ghosts of Europe Past are truly gone"


Source:
http://observer.com/2015/05/greece-w...ite-privilege/

[catgeorge]

"Somehow, someway, Greece has met its latest debt obligations, a 750 million euro payment to the International Monetary Fund. True, Athens used an IMF account to repay the IMF and is more or less blackmailing protection money from its municipalities. But to be fair, that’s actually a slight moral improvement on its usual strategy of blackmailing the Germans while holding the eurozone hostage.

The debt negotiations are basically a sham, of course, because nobody really thinks the Greeks are good for their whole 315 billion euro debt, but nobody wants to call them on it. Still, it’s necessary theater. The Greeks pretend to be frugal and the Germans pretend to believe them, because if they didn’t, Angela Merkel’s government would probably collapse. Or the euro would, at least in Greece, and that would collapse the great pretensions of the European project: that the continent is different, changed forever, and the ghosts of Europe Past are truly gone"


Source:
http://observer.com/2015/05/greece-w...ite-privilege/

What a load of shit