Do you think the Eurozone should bail them out, or do you think they made their bed and now have to lie in it?
Most Helpful Guy
The Eurozone is rather tight knitted. I don't think the E. U. has another choice and Tsipras knows that as well as Merkel knows it.
But think about this:
Who helped the Greek hide their debt? Goldman Sachs As American as apple pie):
The EU shows signs it wants to help the Greek out of it.
The IMF seems to be blocking things (or slowing them down) :
My gut feeling tells me there's more to it than just Greek retirees getting a pension.
The problem with Greece is that it's a society with a poor middle class and a very rich upper class. The ship owners need only a few coded telexes to change a ship's flag (nationality) from Greek to Panamean or Liberian and can easily escape all kinds of taxes.
Another problem is it's geography: the people living on the islands are so far away from Athens that any control and administration is difficult. With the capital that far away, registering and taxing incomes and real estate becomes difficult.
Another problem was Turkey. Turkey ended the Colonel's putsch in Greece by setting foot aground on Cyprus. (to "help the Turkish Cypriots")
During the build up towards the Iraq war, the US armed Turkey.
Greece considered that a menace and EU , Russian and American arms industries were all too happy to sell Greece military equipment it didn't really need on VERY easy terms, leading to a huge debt ratio.
Then during the previous Greek crisis the IMF committed gross errors in Greece:
(under estimating the economic backlash from austerity politics) :
Right now the EU gets the backlash of that. Greece is hit hardest, of course.1
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