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The comment stream on this diary is one of the most informative and accessible I recall. That is truly one of the glories of ET.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Mar 12th, 2012 at 08:09:05 PM EST
Unfortunately, financial smothering seems to be what the financial sector is doing to the rest of the economy in The West.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 13th, 2012 at 01:30:45 AM EST
[ Parent ]
speaking from a PIIG country, that's exactly what 'austerity' feels like, having a pillow forced down over the economy, complete with muffled dulcet tones of reassurance that this will bring an end to the pain.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
by melo (melometa4(at)gmail.com) on Tue Mar 13th, 2012 at 05:15:04 AM EST
[ Parent ]
After all, life is suffering. Don't Christian Democrats believe that?

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Mar 13th, 2012 at 05:21:48 AM EST
[ Parent ]
i thought it was the buddha that said 'life is suffering'.

whatever... it sure is for most folks most of the time.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Tue Mar 13th, 2012 at 01:29:34 PM EST
[ Parent ]
That, too.

So, why do religions oppose euthanasia?

And, why not call the current policy the euthanasia of the periphery just like Keynes talked about the euthanasia of the rentier?

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Migeru (migeru at eurotrib dot com) on Tue Mar 13th, 2012 at 01:33:08 PM EST
[ Parent ]
Because it ends the suffering, and suffering is control.
by rifek on Tue Mar 13th, 2012 at 02:54:35 PM EST
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That explains the Eurozone crisis policy as well as any other theory.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Mar 13th, 2012 at 04:36:07 PM EST
[ Parent ]
And because the ability to inflict great suffering enhances fear, which is a prime mechanism of control and manipulation.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 13th, 2012 at 04:47:01 PM EST
[ Parent ]
Mortification of the flesh.
by rifek on Tue Mar 13th, 2012 at 02:53:52 PM EST
[ Parent ]

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