We’re headed for default in Greece. Varoufakis may have human guts, but he’s still clueless, still doesn’t understand that the Everlasting Gobstopper doesn’t actually exist. That the government cannot simply supply endless resources at a whim. Just doesn’t get it.
Tsipras of course doesn’t get it. So it’s funny I should be reading this headline on Ynet first, in Hebrew. The other headlines to the same story do not catch the punchline. But the Israeli headline does. For example, Reuters:
“Defiant Greek PM sets up EU clash with bailout rejection, austerity rollback”
Ah, but the Jews get it. They get that you can’t solve an insolvency problem by handing out free stuff. Ynet, on the same story:
ר”מ יוון מציג: חשמל ומזון חינם לעניים
Greek Prime Minister Lays Out Plan: Free Electricity and Food for the Poor
Yeah, that’ll do it. That should put you right back on the road to financial stability. Hand out more free crap. Suck on the Everlasting Gobstopper that is government money.
What’s happening here, from what I can see, is a crazy angry Prime Minister with extreme Greek pride is combining with a confused Finance Minister with the guts to push Europe to the brink and over, with neither realizing at all the meaning of their “solutions”.
We’re on our way to default. The eurozone is going down folks, in weeks to months. Brace yourselves.