Monday, June 22, 2015
So what if Greece leaves the European Union? - The Washington Post
George F Will, in his usual style, begins with this:
"Now come Greeks bearing the gift of confirmation that Margaret Thatcher was right about socialist governments: 'They always run out of other people’s money.' Greece, from whose ancient playwrights Western drama descends, is in an absurdist melodrama about securing yet another cash infusion from international creditors. This would add another boulder to a mountain of debt almost twice the size of Greece’s gross domestic product. This protracted dispute will result in desirable carnage if Greece defaults, thereby becoming a constructively frightening example to all democracies doling out unsustainable, growth-suppressing entitlements."