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February 20, 2015, 03:32:08 PM

TLDR: Anyway, having lived under both neocon and socialist-Keynesian governments, I am now all for the latter, sorry.  I cannot understand how any country could believe that "austerity" is a good thing.  I would vote for Lula and Dilma again if I could.  I hope that the new Greece government can be as successful as Lula's -- in spite of not being led by a semi-illiterate mechanics worker...

I am with you. I think they did a good job.

Still I wonder, when people will realize, that there is no right or wrong. Most things are right at the right time.

A Keynesian government seems just right to increase overall living standards in emerging countries.

In the western world the main problem is not raising living standards, but over-consumption of scarce ressources.

Reading all these posts concerning Greece, I chose -on purpose- not to reply (especially to those colourful ones from BillyJoeAllen concerning his dreams of buying a Greek island that the government SHOULD sell; 'cause debt Grin... ).

The above comments are the essence of it all. That's what Syriza administration is looking for and they will -hopefully- manage to get it from the EU. The alternative scenario is (sadly) far worse and will cost a lot more to everybody.

Greece will just have to declare a full default and get back to 70s-80s financially - but that's EXACTLY what already happened the last 5 years with the current austerity measures; on the other hand other countries in line will probably follow "the new paradigm" and default to their own private monetary system. Bye Bye EU.

Besides, there are a couple of "good will" neighbours that will urge to "help" Greece in exchange for some space in the Aegean... Don't you love (geo)politics?

Anyway; today's the day. My bets are that they will figure it out peacefully.


Hmmm... I wonder what the outcome of today will be...  I think at best it will either be a temporary deal 4-6 months, or at worst that no deal was reached at all today and that they are back to the drawing board next week... for a more heightened and even closer to the 28th drama filled negotiations.