February 07, 2015

Athens, 2015

Athens, 2015

Source: Shutterstock

Although it’s very early days, this is a government that thinks it can bluff its way through the crisis. It cannot and will not. Germany will decide, whether Greeks like it or not. The fragility of the Greek banks is such that one false bluff and the game’s up. Ironically, it’s our only good hand. If Greek banks go down Swanee, so will many European ones after bank runs. What I’d like to know is how does Fidel junior hope to increase the minimum wage, rehire civil servants (most of them crooks and incompetents), and expand the state with unaffordable public subsidies? And all that time use leverage against the gang in Brussels to protest sanctions against Uncle Vlad?

Here are Taki’s suggestions for the survival of the nation: Most important are structural reforms, not feel-good bullshit. Public sector unions are choking the nation’s economy, whereas the private sector is booming. Starting a business is almost impossible due to bureaucratic blackmails, while overregulation is stifling economic activity. Free the economy and stop protecting cartels, shrink the state, and in five years Greece will be the Switzerland of the south. And if Tsipras follows my advice I shall be having a sex change quicker than you can say “Syriza.” In the meantime, the Greek suppository is working.  

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