Greece really seems to be caught between a rock and a hard place, and while of course as a country largely responsible for its own mess, are the individual voters really to be punished with years of misery for the incompetence of their government, or even of their society? Is it the economic equivalent of punitive repatriations after an aggressive and foolhardy war? On the one hand the Greeks played along with the game, the bloated state and the evasion of taxes, but on the other this was just one more example of the weaknesses in the global economic system we are all signed up to, since even if Greece borrowed recklessly, there were plenty ready to lend to them.
Personally I think the only long term option for Greece is total but rapid collapse via default and exit from the euro, and then perhaps at least some possibility to rebuild from the ground up a newer more stable society. Any other course, like the punitive loans and extreme "austerity" measures, will I think just drag out that collapse, and worse, make it unfairly distributed, so that those with the most resources, scrabble back to the top of the rubble that buries their compatriots.
I fear for a social explosion: Greeks can't take any more punishment | World news | The Observer
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