And this, which everyone suspected or knew, is the rational reason why there can be no solution to the crisis w.o debt restructuring.
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@asteris Austerity is a witch hunt, debt relief is an aspirin, reforms are the cure. Reforms stumble on the clientelistic state, though. -
@StefanosKouzof conversely, actual reforms (as opposed to continued blind pruning) won't take w.o debt relief -
@asteris Reforms enhance the effects of debt relief - they should be in place to put relief into good use. Otherwise, debt will mount again.
End of conversation
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