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Captured mass media create inartful formulations such as this one:

http://www.bbc.co.uk/news/world-europe-18268089

But Syriza is finding surprising favour among Greeks who believe they have done nothing wrong and who now - as they see it - have little left to lose by standing up to Brussels and Berlin.

The head of the International Monetary Fund, Christine Lagarde, outraged many in Greece last week when she said that Greeks had been dodging tax for too long and living beyond their means.

Her point is indisputable in one sense. Successive Greek governments lied about the true extent of Greek borrowing and the size of the national deficit and debt mountain.

The country's profligacy has become a threat to the stability of the currency of all 17 member states who use it.

  1. Greeks who claim they have done nothing wrong are all voting for SYRIZA.

  2. Lagarde says that Greeks dodged taxes and lived beyond their means and the writer says this is indisputable because successive Greek gov'ts lied about the size of the national deficit and debt mountain. But, in point of fact, only one gov't lied: the Karamanlis gov't. And unless the figures showing Greece's 105% to 110% debt to GDP prior to the crisis are wrong, this writer is making unsubstantiated claims. If the figures prior to 2009 are wrong, then this must mean the debt mountain is much bigger than the current 165% debt to GDP, because the amount added to Greece's debt over the last 2 years is known, and it has taken them from the announced 115% to 165% (due to GDP contraction mostly). If indeed, the amount was higher than 110% or 115%, then the current debt to GDP is higher than 165%.

  3. How has Greece's so-called profligacy become a threat to the euro? How is this even possible?
by Upstate NY on Mon Jun 11th, 2012 at 10:10:37 AM EST

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