Comments on: Europe, here comes your pitch http://blogs.reuters.com/felix-salmon/2011/09/22/europe-here-comes-your-pitch/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: grayhoffman http://blogs.reuters.com/felix-salmon/2011/09/22/europe-here-comes-your-pitch/comment-page-1/#comment-31245 Sat, 24 Sep 2011 05:15:04 +0000 http://blogs.reuters.com/felix-salmon/?p=10133#comment-31245 Felix,
What are you thoughts about the argument put forward here: http://streetlightblog.blogspot.com/2011  /09/what-really-caused-eurozone-crisis- part.html

If capital inflows are a larger problem than mismanagement, do you think that there are any proactive measures that could be taken to prevent future crises?

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By: FifthDecade http://blogs.reuters.com/felix-salmon/2011/09/22/europe-here-comes-your-pitch/comment-page-1/#comment-31218 Fri, 23 Sep 2011 13:25:34 +0000 http://blogs.reuters.com/felix-salmon/?p=10133#comment-31218 One thing easily forgotten is that Greece is a very young democracy. It wasn’t so long ago it was a Military Dictatorship run by ‘The Colonels’. It was also one of the USSR’s targets during the cold war during an attempt to dominate the Balkans with Soviet style or client states such as the then Yugoslavia which is why it still has a very active Communist Party who only a couple of years ago murdered the British Military Attache to Athens.

Because of its history, there is less of an understanding of democracy at the street level in the way that we grew up with it as did our parent and their parents before them – and in any case, the way the administrators also change when Greek governments change does not allow for any continuity of management, or even transfer of knowledge of what needs to be managed. That’s what got them into the mess, and it’s why corruption is so easy to hide, and why it’s so difficult to get out of the mess they’re in.

But if the West presses the wrong buttons, it is still possible for the old adversaries to take advantage of the mood of the people and take over leaving the EU with a Communist State or a Military Dictatorship in its midst.

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By: jnewman http://blogs.reuters.com/felix-salmon/2011/09/22/europe-here-comes-your-pitch/comment-page-1/#comment-31178 Thu, 22 Sep 2011 17:56:19 +0000 http://blogs.reuters.com/felix-salmon/?p=10133#comment-31178 “punish the misbehavers” Bad debt requires prior bad underwriting: there was at no time in the last decade any good reason to believe that Italy and Greece had suddenly become like Germany and yet German banks underwrote an awful lot of debt that rationally required that assumption. Who’s mistake was that?

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By: ExaminerCarter http://blogs.reuters.com/felix-salmon/2011/09/22/europe-here-comes-your-pitch/comment-page-1/#comment-31172 Thu, 22 Sep 2011 17:17:50 +0000 http://blogs.reuters.com/felix-salmon/?p=10133#comment-31172 You need to add one more piece: term out the debt of Italy. Italy is a “liquidity” story, but if this keeps up too long it will become a “solvency” story and then the current situation will look like small potatos.

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