Comments on: Europe’s Sisyphean burden http://blogs.reuters.com/hugo-dixon/2012/01/16/europes-sisyphean-burden/ Mon, 18 Apr 2016 14:55:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Beethoven http://blogs.reuters.com/hugo-dixon/2012/01/16/europes-sisyphean-burden/comment-page-1/#comment-153 Tue, 17 Jan 2012 19:07:35 +0000 http://blogs.reuters.com/hugo-dixon/?p=237#comment-153 The problem with Greece is that the economy and society are so incredibly corrupt (at least a year before elections tax collectors are taken from the streets, for example) that it will take more than Sisyphus to sort these people out. They had promised to privatise public assets, of which promise precisely zero has been fulfilled. Back taxes to the tune of billions remain uncollected: tax officials simply refuse to collect them. Nobody appears to care that hundreds of billions have been parked offshore by the Greeks. But they seem to realise that they have the EU by the nuts because contagion is a real risk. Wonderful people to let the cautious Ms. Merkel and her sticky politicians chase.

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By: OneOfTheSheep http://blogs.reuters.com/hugo-dixon/2012/01/16/europes-sisyphean-burden/comment-page-1/#comment-152 Tue, 17 Jan 2012 00:21:06 +0000 http://blogs.reuters.com/hugo-dixon/?p=237#comment-152 Whatever is to come, it will be far, far worse for Europe and the Euro than the United States and the dollar. No one will remain standing if “the west” falls. Those “stirring the pot” need to remember that WELL!

Much of the third world (that part that cannot sustain itself from available water and domestic food production) will STARVE. OPEC will suddenly have to figure out how to EAT oil!

In a “just in time delivery” society with few warehouses, how long will YOU eat if the trucks stop running and local banks close permanently? Wal-Mart must re-stock every several days, few have gardens and we can’t “grow” gasoline or diesel fuel!

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By: Gillyp http://blogs.reuters.com/hugo-dixon/2012/01/16/europes-sisyphean-burden/comment-page-1/#comment-151 Mon, 16 Jan 2012 17:29:29 +0000 http://blogs.reuters.com/hugo-dixon/?p=237#comment-151 Let banking collapse… bring it on !

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By: IntoTheTardis http://blogs.reuters.com/hugo-dixon/2012/01/16/europes-sisyphean-burden/comment-page-1/#comment-149 Mon, 16 Jan 2012 16:51:37 +0000 http://blogs.reuters.com/hugo-dixon/?p=237#comment-149 A Sisyphean task perhaps, but it feels more like death from a thousand cuts. This has been dragging on for what seems like years and still no end in sight. My eyes glaze over when I read the minutiae. I’ve come to the conclusion that there is no solution to the European debt crisis. No one is in charge, no one is taking full responsibility. Riots, protests, strikes. Now we have the downgrades. This begins to feel more like the first act in the slow, agonizing death of the West than it does a cyclical economic downturn.

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By: txgadfly http://blogs.reuters.com/hugo-dixon/2012/01/16/europes-sisyphean-burden/comment-page-1/#comment-146 Mon, 16 Jan 2012 13:48:08 +0000 http://blogs.reuters.com/hugo-dixon/?p=237#comment-146 Why does the rest of Europe join Greece in a ride to catastrophe? This seems simply to be a disaster for the Greeks and the holders of Greek bonds. Why not take them out of the Euro and continue? The Common Market aspects of the EU should be able to continue with only minor changes.

It would be a disaster to let investment bankers determine the political structure of Europe. They are short term players with loyalty to no one. Not nation builders, nor even business builders. Let them lose their poorly invested money.

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