*rationale
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This isn’t to say, to some extent, the Greeks made their bed. But if we’re gonna talk about “solidarity” (a favorite among the Eurocrat crowd), how about taking that money you were gonna waste on invaders & bringing Greece back from the brink? If we’re throwing money away I mean
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Also: among the ten 2004 expansion countries, all but Poland, Hungary & Latvia have leap frogged Portugal as well in GDP per capita. They’re so hot on the heels of Portugal, wouldn’t be surprised if they all have done so by next year. Another one left behind w/o any “solidarity”
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This used to be an autistic interest of mine before the red pill. I now know it’s normie tier but while I’m on the subject I’m going to keep going. Give or take 1K or so, the average Greek is now as poor as both the average Russian & Turk. What’s the EU done for them lately?
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Greece has essentially just had a lost decade economically. Per capita they’re almost exactly where they were in 2010. Meanwhile the Russians have picked up $6K despite US attempts to isolate & crush them. And Turkey has picked up $11K from 2010. W/o EU membership.
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North western Euros have had relatively strong growth. The East definitely have. Even the Meds: Portugal/Cyprus performed sub par since 2010. But for all the doomsday talk, both Italy & Spain performed pretty well. Literally only one of 28 stagnated: Greece. Muh solidarity tho.
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My thought would be, if I really cared about “solidarity” & “ever closer union”: Look, perverse incentives are a thing. We can’t keep bailing out the feckless Greeks. But one of our own has fallen behind. We’ll have to find a way to stop this bad behavior BUT we will save them.
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If we have to literally buy them off (they are a tiny country of 10M ppl, small economy). I mean, we bought 75M ppl in Eastern Europe w/ our gibs. We’ll buy the Greeks too. But instead it’s the troika, Germans high & mighty about fiscal responsibility. But invaders are welcome.
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Germany will play hard ball w/ Greece but they’ll throw their own elderly out of homes to house invaders. And pretend they don’t have money when they sit down at the table w/ Greece. Like they’re at home pinching pennies. Again: Greece needs to learn a lesson but come on man.
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The whole system is set up to benefit north Euros (esp Germany). Interest rates favorable to their needs, free trade so they have somewhere to export, common currency to put everyone else in their market (the Euro is stand in for German Mark) And you give the profits to invaders
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And to be clear: to the extent the meme is true (another German empire, this one economic, w/ vessels in tow), I’m ok w/ it. I don’t care what they do. Cuck island wants to leave? Ok. But don’t talk piously abt “solidarity” & then let Greece collapse/forbid them from leaving
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Greece has political, cultural, regulatory, judicial problems which make it very difficult for the rest of Europe to help them. Treat them like adults and it seems like you’ll end up throwing good money after bad. If only they realized that the migrants were an even worse bet...
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If you created ‘special economic zones’ which were completely governed, taxed, etc. by Germans and beyond the reach of the Greek government, and the people who worked in them were required to conduct cashless commerce within those zones I think the Greeks could be more productive
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The problem, at least as far as I saw it when I lived there, is that there are enormous legal, bureaucratic, and regulatory obstacles which stand in people’s ways of doing productive work. If you have to wait six months for an application, pay off someone to get a license...etc.
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Let’s say you want to open up a snorkeling equipment store near a beach — do you have a permit to build it? Three different people think they have title to that plot of land, and all of them have paperwork to back up their claim! Good luck taking it to court, too!
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It’s worse. For all their faults and infuriating habits the Israelis are fundamentally a practically-oriented people. This isn’t the case with the Greeks. Tel Aviv learned that there was a lot of money to be made in software — so they played ball. Greece? Still learning.
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