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The problem (at least here) is that the options available are (local EPP and PES) are pay and shut up.

The narrative is completely controlled by the moneyed class media and default is a thing only communists and trotskysts talk about (they are down in the pools, to a combined ~14%)

We are far away from "serious people" thinking about a default (I only heard one serious guy talking about it, sooner or later, being inevitable).

So, it won't happen: narrative and elites are in the "obidience" direction.

by cagatacos on Thu May 19th, 2011 at 01:18:56 PM EST
[ Parent ]
The problem (at least here) is that the options available are (local EPP and PES) are pay and shut up.

As we say here in the States, "And people in Hell want ice water."

The SeriousPeople© can talk, shout, scream, lie, and obfuscate to their little heart's content.  The fact was, is, and will be: debts that cannot be paid will not be paid.  The looters and parasites can suck the Greek economy dry and they STILL won't get their money back.

Skepticism is the first step on the road to truth. -- Denis Diderot

by ATinNM on Thu May 19th, 2011 at 01:54:29 PM EST
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No disagreement here. But the harm done in the process (which can take years) is massive.
by cagatacos on Thu May 19th, 2011 at 02:04:57 PM EST
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Accepting talos' polling as accurate - and I have no reason to think it's inaccurate ;-) - the majority in Greece:

  1.  Don't trust the current political leaders

  2.  Think there are other ways to solve the crisis

  3.  Want to re-negotiate The Deal

  4.  Think "deep changes" needs to happen

In my ignorance of Greek politics, I think that means it isn't going to be "years."  A year, maybe two, before things explode.

I agree the harm done in the process will be massive.

If it's any comfort, I submit the rest of the world is not that far behind you.

Skepticism is the first step on the road to truth. -- Denis Diderot

by ATinNM on Thu May 19th, 2011 at 02:38:46 PM EST
[ Parent ]
It's only months away

"Eurozone leaders have turned a 50bn Greek solvency problem into a 1,000bn existential crisis for the European Union." David Miliband
by Kostis Papadimitriou on Thu May 19th, 2011 at 05:22:12 PM EST
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by dvx - Jul 23
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