Life is for Living

This blog is to collect random thoughts that don't really have a structure, except a publishing chronology, and even that is unlikely to follow the creation chronology.

My Photo
Name:

Calm, excited, weak, strong, funny, serious, lazy, worker, irresponsible, thinker, shallow, selfish, generous, spontaneous, impulsive, undecided, poor, rich, tall(ish), ignorant, cultured, sophisticated, procrastinator, stoopid, clever. Pick any two, or more... ;-) 
One of my favorite quotes: "Life is not a journey to the grave with the intention of arriving safely in a pretty and well reserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming... 'Wow! What a ride!' "

Generally interested in a lot of subjects:
- Artificial Intelligence (mostly because there's so little Natural Intelligence around)
 Robotics
- 3D printing
- DIY projects (including home foundry, electronics, general hacking)
- Scuba diving
- Mountaineering
- Paragliding
- Music
- Arts (mostly visual arts) including street art
- Dance
- Intentional communities
- Society in general, how to fix the current mess in particular, or rather how to escape it

Monday, April 26, 2010

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...

0 Comments:

Post a Comment

<< Home