“Weather is a great metaphor for life-sometimes it’s good,
sometimes ,it’s bad, and there’s nothing much you can do
about it but carry on umbrella or to dance in the rain”, is an apt quote
to capture the existential dilemma of the country Greece known for its ancient
civilization and the march of democracy. Ever since it joined the Euro-Zone circus it has enjoyed the
advantages of low inflation and the low interest rate but also suffered from
the debt as it continued to live beyond its means perpetually as if there was
no tomorrow.
The Result: It is now trapped into a serious economic mess
and the devil speaks the truth yes IMF says the huge debt of Greece is unpayable
and unsustainable making us to remember
what Keynes told in the3 20’s that war reparation payment SOUGHT FROM The
defeated power Germany was just impossible. That Germany has forgotten the
past and also the series of debt relief it got from
the U.S during post war period and refuses to see the cracks on the EURO wall
by denying debt relief and imposing austerity measures which will do more
damage to Germany and also to euro experiment.
What I told for 90 minutes I cannot type now. To tell the
story in one sentence we shall go back to the quote. Greece cannot afford to
dance in the rain(remain in the euro union enjoy and suffer) but exit from
it(take its own currency and get some long run protection after undergoing
short term chaos.
