Wednesday, February 15, 2012

Austerity: The Cure That Kills

Totally preventable suffering of real people, so that the moneylenders can get their pound of flesh. I'm don't really care if our rulers are stupid, evil, or (most likely) both. This is just horrible. The article concludes:
Why, Mr. Lains asks, should he and his fellow citizens suffer while the bondholders get their money back? “It’s not the fault of the Portuguese people,” he said. “The fault lies with the structure of the euro.”
People suffer, the economy craters, but the bankers must be paid off! Too bad no one that actually understands things gets to affect outcomes.

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