Monday, July 06, 2015

Extremist Parties

The choice for leaders of Germany, France and the rest of Europe will look something like this:
If they tolerate the Greek government’s demands, they will be setting a bad example for every other country that might wish to challenge the strictures of the European Union, telling voters in Portugal and Spain and Italy that if they make enough fuss, and elect extremist parties, they too will get a much sweeter deal. It would send the signal that a country can borrow all it likes, walk away from those debts and make the rest of Europe pay the bill, as long as it is intransigent enough.
"Borrow all it likes, walk away."