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:
But it isn't impossible to increase bond yields.

Not wanting to make an obvious point here, but THIS IS NOT ABOUT THE ECONOMIC HEALTH OF GREECE.

This is basically economic rape. It's the equivalent of hiring some pointy-haired hatchet man to come in and "rationalise" a company by firing everyone and moving whatever productive capacity is left to slave factories in the Marshall Islands.

For every drop in "costs", the short-term share price/bond yield increases. And that counts as a win.

When there's no longer any company left to rationalise, the process starts again somewhere else.

Only now it's happening to nation states rather than corporations.

And the solution is the same as the solution to M&A rape - worker occupation, and marching orders for the pirates.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Jun 13th, 2011 at 12:36:33 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

I'm done with the EU

by tyronen - Jul 13
224 comments

The Greece Blame Game

by Frank Schnittger - Jul 20
29 comments

The democractic insolvency

by rz - Jul 16
23 comments

Scape goating Greece

by Frank Schnittger - Jul 13
25 comments

In which I defend Wolfgang Schäuble

by rz - Jul 15
24 comments

Occasional Series