{"id":5331,"date":"2015-02-06T06:32:36","date_gmt":"2015-02-06T11:32:36","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5331"},"modified":"2015-02-06T06:32:36","modified_gmt":"2015-02-06T11:32:36","slug":"greece-exposes-the-global-economys-achilles-heel","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5331","title":{"rendered":"Greece Exposes The Global Economy’s Achilles Heel"},"content":{"rendered":"

Greece Exposes The Global Economy’s Achilles Heel<\/a><\/h3>\n
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Countries that can’t repay their debts — won’t<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n

The new Greek political party, known as Syriza, the Coalition of the Radical Left, has done the unthinkable: they’ve dared to speak the truth.<\/p>\n

In this case, the truth is perfectly captured by the blunt assessment by the new Greek finance minister,\u00a0Yanis Varoufakis,\u00a0who recently declared<\/a>\u00a0“I’m the finance minister of a bankrupt country.”<\/p>\n

Such honest assessments are not supposed to be uttered in politics, no matter how true they may be. And so, as you can imagine, the machinery of the defenders of the status quo is in quite a lather over the whole affair. And it’s doing everything it can to minimize and marginalize the new Greek government.<\/p>\n

One editorial in the\u00a0Financial Times<\/em>\u00a0summed up the establishment view quite well, I thought, putting its contempt for those who dare to simply state what is true right on the table:<\/p>\n

Athens plots a daring escape from the troika<\/strong><\/p>\n

Feb 2, 2015<\/p>\n

Syriza\u00a0is as radical as any party to take power within the eurozone. Hardly any of Greece\u2019s new cabinet have experience of government; predictably, its first week was studded with chaotic interventions, including a\u00a0clumsy blunder\u00a0into EU-Russian relations. Syriza\u2019s rhetoric is still more suited to a university seminar than a serious programme of government.<\/p>\n

(Source<\/a>)<\/p><\/blockquote>\n

To summarize, the European establishment considers Syriza to consist of radicals with no experience in government who are acting chaotically as they blunder about brandishing immature rhetoric more suited to young students than the serious business of governing.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

Greece Exposes The Global Economy’s Achilles Heel Countries that can’t repay their debts — won’t The new Greek political party, known as Syriza, the Coalition of the Radical Left, has done the unthinkable: they’ve dared to speak the truth. In this case, the truth is perfectly captured by the blunt assessment by the new Greek […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[63,88,195,233,246,279,281,285,1167,2236,2921],"class_list":["post-5331","post","type-post","status-publish","format-standard","hentry","category-economics","tag-banks","tag-bonds","tag-debt","tag-ecb","tag-economy","tag-eu","tag-europe","tag-eurozone","tag-greece","tag-syriza","tag-yanis-varoufakis"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5331"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5331\/revisions"}],"predecessor-version":[{"id":5332,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5331\/revisions\/5332"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}