The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
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 afew - Oct 31 24 comments
by gmoke - Oct 28 11 comments
by ManfromMiddletown - Oct 20 61 comments
by Democrats Ramshield - Oct 31 1 comment
by gmoke - Oct 7 3 comments
by afew - Oct 3124 comments
by Democrats Ramshield - Oct 311 comment
by gmoke - Oct 2811 comments
by ManfromMiddletown - Oct 2061 comments
by gmoke - Oct 73 comments
by ARGeezer - Oct 760 comments
by DoDo - Oct 310 comments