By Thomas Friedman
For a man whose country’s wobbly finances have kept the world on edge for months, the Greek prime minister, George Papandreou, evinces an Obama-Zen-like calm. He is just back from meeting fellow European Union leaders, who decided to try to stave off a Greek meltdown and an E.U. crackup with a show of overwhelming force — committing nearly $1 trillion to support the economy of any ailing member state.
But over a lunch of Greek salad and grilled fish, Papandreou makes clear that he knows that the deal with the E.U. was not your garden-variety bailout-for-budget-cuts. No, if you really look closely at what it will take for Greece to mend its economy, this is actually a bailout-for-a-revolution. Greece’s entire economic and political system will have to change for Greeks to deliver their side of this bargain...
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2 comments:
The Greece disaster is a problem that needs fixing. The idea of using the best of Europe to help this reform is a good idea. This is an important step to improving Greece. Some say it's not our problem, it is. Not only is Greece a nation in need of help, but if this continues, Greece will have to default on their loans...and if it comes to this, then this will harm European banks, thus affecting our allies. It will be our problem if this continues, let's hope this reform plan works.
The CRP would agree with the FAP in that the Greece disaster needs to be fixed. Although the CRP believes that the Franklin States of America should have a minimal role in foreign affairs with other nations, the CRP believes that if the FSA were to help Greece it could benefit the states in the future. If the FSA does not take action then this problem could end up hurting our allies which then affect the FSA.
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