I actually like the overall idea of the ruling Greek party and administration. I full heartedly support their ending the bailout. I disagree with them about the reasons of why the bailout did not work as planned. But that aside, let the bailout be phased out. No more fresh money and loans for Greece. On the other hand I support the ECB with not issuing any bridge loan and to not restructure their debt. Which most likely means Greece will either go into default or they will take a restructuring of their country seriously. It makes me furious how some asshole EU bureaucrats almost panically attempt to shove money up Greece's arses. Especially French and Italian and Spanish bureaucrats seem to still be in the opinion that with Greece's exit the world ends. If any of the financial institutions in the many years have still not written off bad debt exposure to greece and still are fully exposed to their Greek loan books then those institutions, such as Unicredit, should be allowed to go into default as well. Its easy to point fingers only at Greece, I am pointing fingers at stupid people. I will say the same thing if I hear of a German bureaucrat today, in 2015, who shits his pants at the thought of Greece exiting the union.
What I see, however, is how Greek politicians and bureaucrats swing their axes, have big words and catch phrases, but has any of you seen them at work on implementing structural changes. Has anyone heard so far how the administration in Greece which was just elected plans to turn Greece around? Not financially, I mean economically. Is anyone at all working on this? I hear nothing in the press nor from any of their uncountable interviews and presentations. That is also that was seconded by most European leaders, that nobody really understands what Greece actually wants (other than of course having their debt eliminated, lol). Anyone?
