Be Merkel: D-I-Y Austerity Measures on Greece

♠ Posted by Emmanuel in , at 7/17/2015 12:47:00 PM
Austerity may cause the Greek speaker of parliament to literally lose the shirt off her back according to this site.
From MarketWatch we receive word of the "Random Austerity Measure Generator" that spits out additional, somewhat amusing, austerity measures for various hapless EU peripheral economies. But seriously, there is certainly a worthwhile debate to be had about the economic consequences of these Eurozone slackers being subject to austerity measures. There is even a reasonable case for removing Germany from the Eurozone to improve the competitiveness of the ne'er-do-wells. That said, constant mediocrity inevitably has its price, which is mostly German-imposed austerity here.

Once more, if you were sensible enough to begin with, you would not put yourself in this position--at the mercy of more prosperous Eurozone economies that treat you with utter contempt. That you are also made a laughingstock only adds insult to injury.