Comments for Germany Is Likely Concerned that a Greek Euro Exit Could Set an Example at http://www.cepr.net , comment 1 to 4 out of 4 comments http://www.cepr.net Sun, 19 May 2013 11:59:50 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/germany-is-likely-concerned-that-a-greek-euro-exit-could-set-an-example#comment-19670 "The austerity policies demanded by the troika have led to 25 percent unemployment in Greece." How about some "austerity" for the bondholders? Why not tax the bonds and the interest? - Fed Up Thu, 18 Oct 2012 06:45:19 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/germany-is-likely-concerned-that-a-greek-euro-exit-could-set-an-example#comment-19669 This is why I think the Greeks should have forced the Germans to make a "bailout or leave" choice back after the first attempt at balancing their government's budget failed. When push comes to shove, support for the EU project is pretty strong in Germany, and they're very, very hesitant about something that could ruin it. - Brett Thu, 18 Oct 2012 06:18:26 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/germany-is-likely-concerned-that-a-greek-euro-exit-could-set-an-example#comment-19668 It's a sick, sick game they're playing over there. What will the public reaction be here in the US, I wonder, when the austerity monster comes to town this winter? - jerry Thu, 18 Oct 2012 06:00:35 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/germany-is-likely-concerned-that-a-greek-euro-exit-could-set-an-example#comment-19665 Lurking behind this fear is perhaps the understanding that the accumulated wealth of the rich depends upon an agreement that they have with the rest of society to honor their wealth. If the rest of society comes to think that that wealth is extreme or unjustified and just refuses to honor it, it disappears. As we have seen in several revolutions in the Middle East recently, there is no way to force a society to honor pledges either to respect leaders and government or to respect the extraordinary wealth of individual members of that society. I think it is about time that the megarich again realize that their position is getting weaker by the day. No worker in America has received a pay increase since the '70's. They have siphoned it all off to the point where the poverty rate makes it just about as rewarding to do nothing as to rebel. - xteeth Thu, 18 Oct 2012 01:15:42 +0100