Wednesday, July 1, 2015

The Cover-up is Alway Worse Than the Crime

The crime:
Nobel laureate [Stiglitz] tells TIME that the institutions and countries that have enforced cost-cutting on Greece "have criminal responsibility"
The cover-up:
"Greece is in a difficult situation, but purely because of the behaviour of the Greek government ... Seeking the blame outside Greece might be helpful in Greece, but it has nothing to do with reality," said Schäuble. "The Greek government is not doing its people any favours at all if it keeps making completely false statements. Nobody else is to blame for their situation. It’s all very sad. We’re in a much harder situation than before. It was always difficult. But it has just kept getting more and more difficult since January." 
Follow the money and it is clear that Schäuble is lying. He knows he's lying and he knows we know he's lying. The bluster is meant to paralyze criticism with its audacity.


Eubulides said...

Watch for the Schauble rendition of the liar paradox. Greek tragedy indeed.

Calgacus said...

Crime, once exposed, has no refuge but audacity.

Jack said...

The situation in Greece, vis-a-vis their economic adversaries demanding Greek subjugation in exchange for continued borrowing seems the kind of dispute that might have led to out and out warfare in the not too distant past. Or, for that matter, it might, as has happened in Greece in the even more recent past, lead to a right-wing military coup in deference to those same adversaries. No doubt the Generals will not be required to forgo any economic hardships. So it's the banks versus the people of Greece. Sounds like a forgone conclusion.

The peculiar thing is that I can't find much in the way of an analysis describing how things got to be so screwed up in Greece. Too much welfare state stuff sounds like just the bullshit that bankers like to toss around to cover up their own complicity in an economic holocaust. Bankers of course are never responsible for anything. When did the Greek export industries and shipping industry disappear? Did the Chinese take over even those industries? Why is there no income that might enable Greece to payoff some debt? Or, better yet, avoid the kind of borrowing that has led to the current state of affairs.