Germany 1919 — Greece 2015

16 februari, 2015 kl. 23:12 | Publicerat i Economics, Politics & Society | Kommentarer inaktiverade för Germany 1919 — Greece 2015

The Greeks tried to talk with the other finance ministers of EU. The negotiations broke down.

140906085As soon as it was admitted that it was in fact impossible to make Germany pay the expenses of both sides, and that the unloading of their liabilities upon the enemy was not practicable, the position of the Ministers of Finance of France and Italy became untenable. Thus a scientific consideration of Germany’s capacity to pay was from the outset out of court. The expectations which the exigencies of politics had made it necessary to raise were so very remote from the truth that a slight distortion of figures was no use, and it was necessary to ignore the facts entirely. The resulting unveracity was fundamental. On a basis of so much falsehood it became impossible to erect any constructive financial policy which was workable. For this reason amongst others, a magnanimous financial policy was essential.

And in Greece the people still have to pay the true costs of misguided austerity policies.

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