As before when the link leads to Financial Times, it is invisible for those who are not a paying subscriber.
I found the article here (I hope it is complete, because after some paragraphs there is the word: more, and that leads to FT also): Website: The Greek Crisis Article: "Mythology that blocks progress in Greece" By: Martin Wolf Published: April 21, 2015 In: Financial Times URL: http://www.greekcrisis.net/2015/04/mythology-that-blocks-progress-in-greece.html
If you like myths, here is an interesting mythbusting article, about the troika's priorities, reforms, austerity, by someone who worked in important position in the IMF and usually they don't hire the keynsians there.
@Trickler. Your lack of respect for independent voices and expertise is very evident. What is less clear, at least to me, is what you do have respect for. It looks as if it is only yourself, but perhaps I am being unkind.
1) A Greek exit would help the eurozone. 2) A Greek exit would help Greece. 3) It is Greece’s fault. 4) Greece has done nothing. 5) The Greeks will repay. 6) Default entails a Greek exit.
I am afraid of wulfs and do not believe in such mythical stories.
Imho items 1+2 are unpopular facts, but not for the arguments that he brings up in order to deny them.
Items 3+4 are almost true and therefore only journalists with a hidden agenda hurry for such arguments.
Item 5 is in far future and therefore unforeseeable even for wulfs.
Item 6 can not reliably been decided now. Imho probability for Grexit after default is 90%.
Forget about these myths, and rejoice instead. Greece has money until the end of June! And Juncker and Dijsselbloem say there will be no Grexit! Merkel will tell Tsipras the same tomorrow.
The latest buzz word in Greeklish is "political solution". It means that the Brussel Group of "bolts and Nuts" people and the Greek negotiators, who don't know s--t from Channel, will be decoupled from the negotiations. Frau Merkel will suddenly fall in love with Tsipras this afternoon and, unconditionally, promise him all the money he can possibly spend.
Late last week greek Central governement requested the centralization of municipality and governemtn entity company's to transfer funds to National Bank of Greece. Meanwhile today Pireaus bank announced that all consumption loans will be forgiven meanwhile all "red" mortgages loans will be frozen. Furthermore it is expected that all private banks will follow the same line.
Should we expect capital controls by next week? What about a alla Cyprus scenario that recapitalization of the banks will come from the large depositors.
As before when the link leads to Financial Times, it is invisible for those who are not a paying subscriber.
ReplyDeleteI found the article here (I hope it is complete, because after some paragraphs there is the word: more, and that leads to FT also):
Website: The Greek Crisis
Article: "Mythology that blocks progress in Greece"
By: Martin Wolf
Published: April 21, 2015
In: Financial Times
URL:
http://www.greekcrisis.net/2015/04/mythology-that-blocks-progress-in-greece.html
Sorry, only for subscribers. Any synopsis?
ReplyDeleteDirect Google search with the title may help you. ;-)
DeleteIf you like myths, here is an interesting mythbusting article, about the troika's priorities, reforms, austerity, by someone who worked in important position in the IMF and usually they don't hire the keynsians there.
ReplyDeletehttp://www.bloombergview.com/articles/2015-04-21/imf-needs-to-correct-its-big-greek-bailout-mistake
AnonymousApril 22, 2015 at 1:49 PM
DeleteIt is easy for a professor to suggest that IMF should donate that money to Greece. His motives look rather unclear.
H.Trickler
@Trickler. Your lack of respect for independent voices and expertise is very evident. What is less clear, at least to me, is what you do have respect for. It looks as if it is only yourself, but perhaps I am being unkind.
DeleteMr. Wulf labels the following items as myths:
ReplyDelete1) A Greek exit would help the eurozone.
2) A Greek exit would help Greece.
3) It is Greece’s fault.
4) Greece has done nothing.
5) The Greeks will repay.
6) Default entails a Greek exit.
I am afraid of wulfs and do not believe in such mythical stories.
Imho items 1+2 are unpopular facts, but not for the arguments that he brings up in order to deny them.
Items 3+4 are almost true and therefore only journalists with a hidden agenda hurry for such arguments.
Item 5 is in far future and therefore unforeseeable even for wulfs.
Item 6 can not reliably been decided now. Imho probability for Grexit after default is 90%.
H.Trickler
I found the following list:
ReplyDelete1) A Greek exit would help the eurozone.
2) A Greek exit would help Greece.
3) It is Greece’s fault.
4) Greece has done nothing.
5) The Greeks will repay.
6) Default entails a Greek exit.
It seems Wolf is not busting the myths of the Greeks themselves at all. Very onesided.
My Comments on the Myths:
ReplyDelete1) A Greek exit would help the eurozone.
......Of course it will and is why there is negotiation.....
2) A Greek exit would help Greece.
.....Of course it will and is why there is negotiation.....
3) It is Greece’s fault.
.....Ofcourse it is.......
4) Greece has done nothing.
.....Ofcourse we haven't we are lazy money sucking degenerates.......
5) The Greeks will repay.
......Ofcourse we will ever since 1821 we are the best payers in the world......
6) Default entails a Greek exit.
......yes but an exit from what.......
V
Forget about these myths, and rejoice instead. Greece has money until the end of June! And Juncker and Dijsselbloem say there will be no Grexit! Merkel will tell Tsipras the same tomorrow.
ReplyDeleteThe latest buzz word in Greeklish is "political solution". It means that the Brussel Group of "bolts and Nuts" people and the Greek negotiators, who don't know s--t from Channel, will be decoupled from the negotiations. Frau Merkel will suddenly fall in love with Tsipras this afternoon and, unconditionally, promise him all the money he can possibly spend.
ReplyDeleteNo, no ... she will adopt him. He is still very young and obviously needs the strong hand of "mother Angela".
DeleteOne of the best articles i have read as of late....
ReplyDeleteThe 'Grexit' Issue and the Problem of Free Trade
https://www.stratfor.com/weekly/grexit-issue-and-problem-free-trade
Sincerely,
V
Mr. Kastner,
ReplyDeleteLate last week greek Central governement requested the centralization of municipality and governemtn entity company's to transfer funds to National Bank of Greece. Meanwhile today Pireaus bank announced that all consumption loans will be forgiven meanwhile all "red" mortgages loans will be frozen. Furthermore it is expected that all private banks will follow the same line.
Should we expect capital controls by next week? What about a alla Cyprus scenario that recapitalization of the banks will come from the large depositors.
What do you Think?
Sincerely,
V