The political leadership of Greece is trying to convince Europe it can rescue the Hellenic Republic from its debt crisis without spending a dime.
Deputy Finance Minister Philippos Sachinidis said today that Greece is not asking Europe's wealthier countries for any money now. Instead, he just wants Germany and France to send a message to markets that would bring down the Greece's borrowing costs.
Greek's continue to blame the reluctance of their euro zone comrades to provide a bailout fund on a lack of "political will." But what is really lacking is a willingness on the part of ordinary Germans and French to suspend their disbelief and engage in a costly financial fiction, and a fear of the politicians of those countries of forcing that fiction on their people.
Note EU-Digest: This also happened in the US after the government bailout following the financial crises.
For more: Greece Has A Completely Unrealistic Rescue Plan For Itself
Deputy Finance Minister Philippos Sachinidis said today that Greece is not asking Europe's wealthier countries for any money now. Instead, he just wants Germany and France to send a message to markets that would bring down the Greece's borrowing costs.
Greek's continue to blame the reluctance of their euro zone comrades to provide a bailout fund on a lack of "political will." But what is really lacking is a willingness on the part of ordinary Germans and French to suspend their disbelief and engage in a costly financial fiction, and a fear of the politicians of those countries of forcing that fiction on their people.
Note EU-Digest: This also happened in the US after the government bailout following the financial crises.
For more: Greece Has A Completely Unrealistic Rescue Plan For Itself
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