onedreamer
Dragon
@onedreamer:
I can't follow you on the left/right wing distinction. Italy got in trouble under a long era of right wing governments, Greece's last was left wing (not to say their right wing predecessors didn't make the same mistakes). The "EU technocracy" forced both out of responsibility. Can't really see a pattern there.
First of all Italy didn't get in trouble by a long era of right wing governments especially because there isn't a long era of right wing governments in Italy since after Fascism. I know how much biased are German Mass Media towards Italy so I'll give you credits this time, but perhaps if you just opened Wikipedia you'd realize how wrong is this statement.
Back to the point, my point is exactly that the so called left-wing parties (and hence governments) don't exist anymore. If the former government of Greece was left-wing in their program I am the Pope. All that made it a left wing gov. was where they sat in the Parliament, much the same as in Italy.
There is no intention to save Greece or Italy from the debt crisis, if there was there would be a simple solution which is that to cancel interests on debts.
75% or so of the current world "currency" are interests and their derivations on debts. The amount of "wealth" produced yearly by this virtual currency is more than 10 times the amount of real wealth the world produces and the first grows exponentially while the second linearly, so there is no way that these debts will ever be paid back. The powers that govern the world have no intention to let their fat cow of interests go. They know it's going to fail sometimes soon but they are going to squeeze every drop of milk till the end. This system worked until when there was growth, now with the crisis and the fact that the middle class has gotten poorer and poorer there are less people who can indebt themselves and the system is crumbling. If Italy and Greece would default now it would be all the better on the long run for them, it would be a harsh fall but then they would have a chance to stand up again. Instead they are going to be killed slowly. They will take everything they can before letting us go bunkrupt, much as it happens when a common person goes broken. I think people are going to slowly realize what's going on and French already have understood who is next in line, that's why they're pooing in their pants and trying to make sure Italy and Greece don't default just yet. But it is only a matter of time if we don't stand up and don't support the movements that are finally growing against these modern lords. In the end of '700 people rebelled to estates yield, today we must rebel to bond and financial yields.