Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
There are two dynamics at play.

  1. Often, for political purposes, people will say things they know are not true. "Greeks need to implement austerity measures..." as though Greece hasn't. "Greeks need to change the retirement age..." as though it hasn't.

  2. Papandreou promised privatization, whereas Junker wants collateral. Big difference. With privatization, Papandreou and Greece can refuse to sell if they don't get their price in the market. If you put up collateral, however, you allow a creditor to seize your assets.

The Greeks are refusing to put up collateral.
by Upstate NY on Thu May 19th, 2011 at 05:00:32 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

It's "Whose Economy, Stupid?"

by Helen - Aug 3
1 comment

In which I defend Wolfgang Schäuble

by rz - Jul 15
24 comments

I'm done with the EU

by tyronen - Jul 13
228 comments

The Greece Blame Game

by Frank Schnittger - Jul 20
30 comments

The democractic insolvency

by rz - Jul 16
23 comments

Occasional Series