Showing posts with label austerity. Show all posts
Showing posts with label austerity. Show all posts

Monday, June 22, 2015

Unsolicited Advice for E.U. Leaders re: Greece

The Eurozone Crisis: A Failure of Economics or Politics?
(Image/Courtesy of www.bu.edu)

Greece needs bail-out funds to meet a payment on their loan;
And, if they don't get them, Greeks may leave the eurozone.
They'll be forced into default unless the terms are changed...
Now they're running out of time to get a deal arranged.

The Greek GDP is shrinking - it's down by a third -
Thus, you do not have to be an economics nerd
To see more austerity's unlikely to reverse
Greece's situation and, in fact, could make it worse.

Have to reach a compromise which gives the Greeks the time
To save their economy or you won't see a dime
For, although the Europeans won't be overjoyed,
Can't get blood from stones - nor taxes from the unemployed.

Friday, January 30, 2015

I Respectfully Disagree

My Photo
 A most excellent blog. (Photo: Courtesy of/Infidel753)

There's a blog I like to read; a recent topic: Greece
And how its new government announced that it will cease
Efforts at austerity imposed by the E.U.
Author felt that was the sanest thing the Greeks could do.

Mounting unemployment; their economy's a wreck...
Greeks feel like the E.U.'s hung a noose around their neck.
Article blames Germany (who finances the debt)
But, though I respect this blogger - whom I've never met,

That seems too simplistic to me; see the Germans' side.
Why are they responsible for stopping Greece's slide?
Germans work and save and squeeze a Deutschmark 'til it squeaks;
They don't want to finance better lifestyles for the Greeks.

Puts the German Chancellor, Frau Merkel, in a bind;
Can't ignore her voters or they'd fire her behind.
I agree austerity is not the way to go
But, do I believe it's fair to blame the Germans? No.

Wednesday, February 13, 2013

The State of the Union


President Obama said the Union's growing strong...
Judging by Republicans' response, he could be wrong.
I saw little evidence that they intend to try;
They seem too determined to let chances slip right by.

Never mind the fact that most economists insist
Government investment isn't something to resist.
Never mind that Europe proves austerity won't work.
They would play the Klingons to Obama's Captain Kirk.

He would like to boldly go and steer a middle course;
He could keep on talking to them until he grows hoarse.
Last night the Republicans all sat upon their hands.
Wonder if the President completely understands

He will find few partners who will step across the aisle?
I don't think John Boehner got that memo though, 'cause he
Was his party's poster boy for animosity.