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Greeks Vote "NO" on EU Terms

posted by martyb on Monday July 06 2015, @08:57AM   Printer-friendly
from the getting-what-you-asked-for-may-not-be-getting-what-you-want dept.

kaszz writes:

The Greeks voted no to the European Union's terms, despite warnings from the EU that rejecting new austerity terms would set their country on a path out of the Eurozone. 62% voted "No" while 38% voted "Yes".

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  • (Score: 3, Insightful) by FatPhil on Monday July 06 2015, @01:41PM

    by FatPhil (863) <reversethis-{if.fdsa} {ta} {tnelyos-cp}> on Monday July 06 2015, @01:41PM (#205618) Homepage
    I have to reiterate what the grandparent poster wrote. There is an explicit dependence on the country as a whole not being bankrupt. For that, it requires the politicians to have the wisdom to strive for better financial stability when the economy's doing well, which is of course when there's the least incentive so to do. (Even though it's no harder a concept than stockpiling grains during high yield years, rather than during drought years.)

    That requires non-corrupt politicians, with brains. Noganahapen.

    I view Keynsianism as mostly less wrong. Look at the utter crap that came before it, and compare. How can anyone with more than two brain cells to rub together think that Say's Law will hold in a modern industrialised economy? (Say didn't, and he can't be held to blame for people taking his theories completely out of their original context, however, that doesn't mean that his theory shouldn't now be filed in the cylindrical filing cabinet.) If anything the exact opposite will hold true. Have you noticed any advertisements during your daily life recently, walking/driving down the street, or whilst browsing the internet? If so, that's because there's so much shit that we don't want that they want us to want - i.e. there is a glut. Also, have you noticed that those who are wise with money have savings and investments, and actually aren't desperate to get rid of their money as soon as possible, as predicted by Say. Keynsianism is a million times less wrong than that.
    --
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  • (Score: 2) by M. Baranczak on Monday July 06 2015, @04:00PM

    by M. Baranczak (1673) on Monday July 06 2015, @04:00PM (#205693)

    Have you noticed any advertisements during your daily life recently, walking/driving down the street, or whilst browsing the internet?

    I have AdBlock+ installed. Does that make me immune to the laws of macroeconomics?