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That's not the neocon plan. The serious people appear to honestly believe in expansionary austerity, except for the few Austrian liquidationists that may be around.

In addition, even if Greece does produce and install PV and wind, it will still heavily depend on liquid fuels for transportation (who's going to pay for the infrastructure necessary to switch to electric traction, and we're talking about very rugged terrain) for a long time so at most it will be exporting power and importing  or manufacturing synthetic fuels. And it will import the electric vehicles, too.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Migeru (migeru at eurotrib dot com) on Fri Jan 6th, 2012 at 04:42:47 AM EST
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Terminology is more accurate sure, but still Shock Doctrine behind the 1% wall.

I come from the school of "where there's a will, there's a way." Rugged terrain or not.

"Life shrinks or expands in proportion to one's courage." - Ana´s Nin

by Crazy Horse on Fri Jan 6th, 2012 at 05:23:48 AM EST
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The serious people appear to honestly believe in expansionary austerity, except for the few Austrian liquidationists that may be around.

Has that old canard actually seen use outside the UK? On the continent I only hear TINA without even the pretence of there being a coherent story.

by generic on Fri Jan 6th, 2012 at 01:32:01 PM EST
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I believe the ECB's story is that austerity build confidence which then leads to economic recovery. So in Europe it's just the confidence fairy story.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Fri Jan 6th, 2012 at 03:58:44 PM EST
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