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Greece: Mulligan Election, Mulligan Economy

MoreFreedom Wrote: May 23, 2012 7:36 PM

Greeks three options. They can vote to leave the euro, and learn to live within their own means. Or they can keep the euro, and live within the terms of their bailout (which means living within their means) Or they can deny reality, riot and destroy themselves. Whatever option they take, they will either accept the reality that they can't live beyond their means indefinitely by using government to steal (they've run out of other people's money). I'm looking forward to seeing what happens. I'm hoping liberal deniers will open their eyes and see it.

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Greece: Mulligan Election, Mulligan Economy

Greece wants two mulligans -- like a golfer demanding second chance, a do-over tee shot, times two.

The immediate and obvious mulligan is a new national election. The teed-off Greek electorate teed up on May 6, but fractious voters produced a scattershot result. No single party achieved a parliamentary majority.

The leaders of Greece's three largest political parties subsequently failed to form a coalition government.

Their disagreements are fundamental. During the coalition discussions, the Syriza Party (Coalition of the Radical Left/Unitary Social Movement) announced it would not participate in any government that imposed austerity. Austerity is shorthand for economic reform, budget...

Related Tags: Foreign Affairs Media and Culture Europe Austerity Measures Greece