Sunday, October 28, 2012

Greece on the slide

Nothing can contain my disgust with the EU at their complicity and indeed authorship of the continued stresses in Greece, among other southern countries. Paul Mason offers a telling account of the Greek predicament:

On the walls somebody has spray-canned "Love or Nothing". Right now there is a heck of a lot of nothing: shops closed, stripped, barred, graffitied, the fascias chipped off as ammunition in riots, burned out, gone.

I am no fan of Mason, but like all true socialists he takes things seriously. Only he cannot- one assumes because he has other kinds of revolutionary solution in mind- come to the only sensible conclusion that will help Greece out of its hole: leaving the Euro. The only argument I could ever see in favour of the European Union was that it helped less-developed nations to integrate into the developed core. Now that process is reversing, and far from despairing over it, the Euro elite, from Germany to Spain, actually rejoices that 'necessary' 'reforms' are underway. As Mason illustrates, this is not reform any more than punishment beatings are justice. It's just beyond belief that the pols of Europe, so used to pivoting whole elections around a couple of percent of unemployment and a couple of percent of benefits or taxes, are merrily going along with changes in the tens of percent- unemployment, benefits, taxes. All the while it is verboten to consider the essential ground of currency which is normally a powerful tool available to the politicians who have been voted by their electorate. Mason's sense of foreboding is wise, even if the socialist in him cannot bring himself to undermine the essentially socialist construct of the Euro.

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