Let me make one thing perfectly clear: I am not an economist. That’s ok though because the lesson of today’s sermon has less to do with economics and more to do with emotional blackmail and bullying … and yes, a bit of politics, too – especially in relation to Greece where these days insanity is the ruling rationale of the day.
In my last post, I referred to the dire economic straights Greece is in concerning it’s debt. It’s a precarious situation to be in because in deciding how to resuscitate itself the country is basically in a ‘damned if you do and damned if your don’t’ position. Meanwhile, economists far and wide have weighed in on the crisis, mostly waxing doom and gloom. More troublesome still is that the country is practically being forced by its peers into adopting austerity measures that are not only unpopular back home, but also quite ineffectual in both the short and long term.
For its ills, Greece’s economic ‘partners’ in the European Union (EU), all with vested interests, have prescribed some very bitter tasting medicine. Unfortunately, in this metaphor, the patient has been misdiagnosed and the medicine will eventually prove fatal. Some even argue the country is already brain dead and that it’s only a matter of time before the decision must come whether to amputate from the neck up or neck down before ‘the plug is finally pulled’.