This crisis could be resolved quick if the parties considered the Golden Rule and attempted to followed it. Greece should have better tax collection practices and her citizens should pay their taxes (at least when able). Instead of asking for debt forgiveness they should ask to be allowed to pay when reasonably able (this might be a long time). The government should stop saying things which are insulting about other countries. Germany and Europe should stop demanding Austerity as this demand reduces the probability that Greece will ever be reasonably able to pay her debts by hurting the economy and causes a lot of suffering by the Greeks. They also should stop insulting the Greek government and people. They should offer practical help in areas like improving tax collections and building up new industries. Germany in particular is like the man in the parable who was forgiven a great debt by a king but then harshly treated a poor man who owed him a much smaller debt.
austerity means cracking down on tax evaders, cutting budgets, and increasing revenue. nothing wrong with that, considering these are the problems that caused Greece's massive debt
Exactly correct!!! A lot of Greece's problems are one of aspirations, they wish to retire early on a large State pension, but do not wish to pay the taxes during their working lives to fund these desires. "We used to think that you could spend your way out of a recession, and increase employment by cutting taxes and boosting Government spending. I tell you in all candour that that option no longer exists, and that in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step. Higher inflation followed by higher unemployment." Harold Wilson 1976 Blackpool Labour Party conference speech. Sense from a Politician & a Socialist one too !!!!
