Jesus, Merkel must not understand how the rest of the world is seeing this: Greece folds on austerity; Germany rips Europe apart. Shocking.
@espadrine : this is backwards. Greek GDP is shrinking *because* of austerity
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@slightlylate Exactly. It's a vicious cycle. It's also a catch-22: either Greece suffers, or everyone. I personally favor the latter. -
@espadrine : this is simply not true. The level of euro-area austerity when borrowing costs are so low is *self defeating* - 3 more replies
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@slightlylate@espadrine LOL. Then tell me why they needed a bailout in the first place if their GDP didn't vanish? Get your facts straight. -
@FremyCompany: GR spent profligately (aided by N.EU banks), world econ crashed (thanks banksters!); EU shrunk econ via austerity@espadrine
End of conversation
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