Europe’s Greek Showdown: The Sum Of All Statist Errors
by David Stockman
ZeroHedge.com
02/10/2015
The politicians of Europe are plunging into a form of ideological fratricide as they battle over Greece. Accordingly, all the combatants – the German, Greek and other national politicians and the apparatchiks of Brussels and Frankfurt – are fundamentally on the wrong path, albeit for different reasons. Yet by collectively indulging in the sum of all statist errors they may ultimately do a service. Namely, discredit and destroy the whole bailout state and central bank driven financialization model that threatens political democracy and capitalist prosperity in Europe – and the rest of the world, too.
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