A number of years ago, when the whole banking crisis happened (at the same time as I split from V), the politicians had a great chance to rewrite the way that economies were run and put a stop to the debt economy. They chose, however, to believe the banks (who were making a loss but were bailed out with our money) who had been making huge profits over the years at the expense of us ordinary folks.
But, having sided with the banks, I was always against this austerity drive (supported strongly by the IMF who, later realised that they had got it wrong), since cutting people’s ability to spend would always mean a shrinking economy.
The current Greek government were elected on the promise that they would stop the austerity program. Whatever needs fixing with Greece the poorest should not be the ones to pay which is, generally, what happens when the banks/governments impose austerity measures (since they don’t want to hurt either themselves nor their “mates” profits).
If Greece gives into that evilness that is the IMF now, then, yet again, they have proved that all politicians are is hot air and worth nothing.
I really hope they tough it out. It will be crap for everyone if Greece defaults – but maybe then there would be some sort of wave of dissent against the banks and then, just maybe, something will be fixed?