Take heed. This is what tenbatsu for decades of profligacy looks like.
Only neoliberalism can save Greece now.
This social and economic unrest is BECAUSE of neoliberalism.
Do you honestly think people are going to lend their money to a spendthrift government on the verge of bankruptcy without demanding some changes in return? Sure the cuts are brutal, but imagine if Greece had continued to spend and the bankers had cut them off. The cuts in that situation would make austerity look like a teddy bear's picnic
The problem is that most of the needed changes - such as updating and reforming the tax system - require investment. The cuts are actually making it harder for the Greek State to collect taxes, which is the reason they are in this mess in the first place.
