Let Greece default on its payments...

Lots of talk in news bulletins and on newspapers front-pages go back and forth about the IMF and Euro-zone "help package" to Greece.

I reckon these packages are poisoned gifts to the Greek people. A better issue would be for the Greeks to insist that their governments default on repayment.

First of all, how good are these "rescue packages" ? How was it possible to lend billions to banks at virtually nill interest rate (and without penalties, nor controls in the ways that money would be used by the banks), but the interest demanded of the Greek government exceeds 8%? Who can believe that the FMI would lend the money without conditioning the loan to the usual "economic adjustment policies" ?

I say default on payments, and then let the lenders who think they should be paid ask for rescue packages from the Euro-Zone or the FMI, publicly.

I, by no means, support the Greek government. I don't believe a miracle could be invoked to explain how they could be demonstrably different from any other government on this planet. But I resent the fact that the consequences of bad policy choices are always left to the workers to correct...

Hung parliament...

On WikiNews one of today's articles was: Current polls show high probability of hung parliament in 2010 UK general election and I could help wondering if there will be enough rope for everybody...

Second thought: why do the British have all the luck?


Those knots consume a lot of extra rope!

La culture d'en bas...

Ca c'est ben vrai, ça!!!


Digne des plus grands comédiens...

Interesting discussion

There was a particularly interesting article on Boing Boing related to the iPad, and when associated with this article from The Guardian, it confirms my attitude toward Apple things: it was a wonderful company that started the computer revolution with the Apple II, but lost it for us hackers when the bean counters took over...