NEWS > EVERYONE ELSE > GREEK PRIME MINISTER SAYS EXIT FROM EURO WOULD BE A CATASTROPHE HE KIND OF WANTS TO AVOID
GREEK PRIME MINISTER SAYS EXIT FROM EURO WOULD BE A CATASTROPHE HE KIND OF WANTS TO AVOID
September 17 2012
Athens, Greece – Despite hard line austerity measures and numerous bailouts from her neighbours, Greece is amazingly still in trouble, serious trouble, trouble that could see the country still exit the Euro and possibly even collapse.
All that effort would of course go for naught should such a thing happen. All that investment of both time and money will have been wasted and the nation will fall, once again, into the ruins of history. That collapse, too, would be a financial disaster for neighbouring countries. Not only would it destroy faith in the currency it would also result in a mass migration of workers trying to survive the collapse of their nation.
That is a nightmare scenario that new Greek Prime Minister is really, really trying to avoid and has made it clear that he is doing just that. Samaras has stated over and over again that he really wants to save the country from complete and total collapse but he does need more money and more time, something few have been willing to give, or he will just be totally powerless to do anything and just have to stand back and watch the nation collapse and destroy Europe forever.
“Instead of the cuts package taking place over two years, it would be best if it were to take place over four years. We are talking about an extension to 2016,” said Antonis Samaras.
Implementing those cuts, the austerity measures, are a requirement for receiving another round of bailout funds.
Samaras has been reticent to make those cuts because of protests in the country and a general lack of backbone. Greece has 25 percent unemployment in some areas of the country which has created a lot of tension over further cuts.
“Obviously it would be a bad thing for Greece to fall from the Euro and have their economy collapse. I mean that is clear and obvious. Samaras keeps hammering home that point but everyone knows that. That’s why the country has been getting so much money and help, no one wants that to happen,” said Scrape TV European analyst Gillian Weismann. “I mean all these other countries have sacrificed their own financial well being for the sake of Greece and then here they are asking for more and more and more. It’s really quite ridiculous at this point but I guess there isn’t much that can be done except keep giving.”
Some creditors are apparently considering giving the country the extra time they have requested in part because they want Samaras to shut up.
“There is quite clearly a long way to go before Greece is restored to financial fluidity and they are going to have to make even more sacrifices going forward. I mean it’s not like France or Germany got them into this trouble but they are the ones working hard to save them. Now it’s time for the Greek people to step up and do crappy jobs and pay their taxes. They’ll hate it but sometimes you have to do things you hate in life,” continued Weismann. “I get that it’s Greece, bed of Democracy and the Western world and all that but seriously, you can’t ride that crap forever. One day you just have to step out and go to work for more than two hours a day and pay your taxes. You can’t coast forever.”
Some German officials are considering a complete takeover of the Greek economy which would be a very German thing to do.
Emil Uliya, International Correspondent