At 15:45 04/11/2011, Ray wrote:
Keith, why do Europeans think that it is more in their interest for Greece to align with China and the Union dissolve than to pull together and be the most prosperous mega-country on the planet?

(KH) They don't. The main Eurozone countries want China to help the Eurozone as a whole and don't want to see Greece leave it. But the Chinese won't help until at least five of the Eurozone countries (Greece, Spain, Portugal, Ireland and Italy) (and no doubt France as well if the truth were known) carry out major budgetary and fiscal reforms (or, better still, the Eurozone becomes a centralized fiscal authority). It's only my suggestion that if Greece tears itself away from the Eurozone (or, much less likely, is thrown out) that China will help Greece then (because of the major Piraeus complex -- which will be the shipping gateway to central and eastern Europe)).

(REH) I can understand American rednecks who are pampered and have no understanding of the world beyond their little towns, but Europe is different. It seems to me that it is in Europe's self-interest and growth as a market for them to pull together while the opposite represents decadence and devolution into provinciality. Or do the Northern Europeans figure that they can ghettoize the Latins and feed off the corpse and still have a Union?

(KH) The basic difference is that, because of a much harsher climate, northern Europeans have always had to work very much harder than Mediterranean Europeans. There's an immense cultural difference between them (no doubt fully registered in their respective epigenetic tags!). Why the European Union got started after WWII was mainly due to French fear of Germany (financially and industrially as well as militarily). This went to fever pitch when Communist East Germany collapsed in 1990 and became reunited with West Germany. French politicians went into overdrive to establish the Eurozone from then on and managed to get it started before the end of that decade. Germany went along with it because its top politicians genuinely wanted to show that they had left the military dreams behind it and could be good Europeans. But this doesn't change its epigenes! Germans (and Finns, Swedes, Danes and the Flemish half of Belgium) simply (that is, naturally) work far harder and are more disciplined than Italians, Spanish and Greeks.

Keith



REH

From: [email protected] [mailto:[email protected]] On Behalf Of Keith Hudson
Sent: Friday, November 04, 2011 5:30 AM
To: RE-DESIGNING WORK, INCOME DISTRIBUTION, , EDUCATION
Subject: [Futurework] Grecian wonder

I can see no hope for Greece now. Even if Mr Papandreou manages to form a Coalition government later today and get a vote of confidence, I cannot see how the majority of Greek people are going to accept many more years of even more austerity than they have already suffered.

It's no use saying that the Eurozone has been pampering them for many years and they must now buckle down and get used to reality. When it comes to human emotions, there are no absolutes. It's all relativity. As Krushchev once said when he'd retired from being the President of Russia: "It's easy to govern starving peasants. But once they have food in their bellies then it's another matter." Two years ago, most Greeks had already gained as high a standard of life as most Germans, French, Italians, etc. It's already declined, and even this part-way step has produced a country that's barely governable.

Any more attempts at austerity, then daily riots and national strikes every few weeks will produce a revolutionary situation. Or, rather, not so much revolutionary (because there is no conceivable alternative in sight) but total breakdown. At an intuitive level that ordinary Greeks probably understand, even though they can't articulate, they know they face a choice of more austerity for at least 10 years in the Eurozone or yet even more austerity for a only a couple of years or so if it, like Argentina in 2000, it decides to default. In the latter case, it could leave the Eurozone, restore the drachma, and regain the self-respect and cultural independence which the bureaucrats of Brussels took away from them years ago.

I can see no other immediate future for Greece, even if it has to have a draconian government -- maybe even with military backing -- for a few years. China will help. It is already building massive port facilities at Piraeus and won't want to see these held up. Furthermore, Greece could immediately start offering wonderful holidays to tens of millions of the Chinese middle-class whom the Chinese government is already encouraging to spend more. In four or five years' time, if not before then, the average Greek will be scratching his head in wonder that his country ever entered the Eurozone in the first place.

Keith


Keith Hudson, Saltford, England <http://allisstatus.wordpress.com/2011/10/>http://allisstatus.wordpress.com/2011/10/


Keith Hudson, Saltford, England http://allisstatus.wordpress.com/2011/10/
   
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