A few weeks ago, I wrote about the Greeks electing Syriza, a hard left-wing party that promised to walk back austerity. Since then, the Greek situation has gotten far worse. They negotiated some slight concessions, but most of Europe — including the other PIIGS — held fast. And Greek tax collection have collapsed as most Greeks assumed, with Syriza in power, that the days of having to pay their bills were over. It hasn’t even been two months and the coalition is already floundering.
Now they’re having a conniption fit:
Greece will unleash a “wave of millions of economic migrants” and jihadists on Europe unless the eurozone backs down on austerity demands, the country’s defence and foreign ministers have threatened.
The threat comes as Greece struggles to convince the eurozone and International Monetery Fund to continue payments on a £172billion bailout of Greek finances.
Without the funding, Greece will go bust later this month forcing the recession-ravaged and highly indebted country out of the EU’s single currency.
Greece’s border with Turkey is the EU’s frontline against illegal immigration and European measures to stop extremists travelling to and from Islamic State of Iraq and the Levant (Isil) bases in Syria and Iraq.
Panos Kammenos, the Greek defence minister, warned that if the eurozone allowed Greece to go bust it would give EU travel papers to illegal immigrants crossing its borders or to the 10,000 currently held in detention centres.
They’re now trying to walk back those comments so this may just be frustrated rhetoric. But I stand by what I wrote six weeks ago:
Fuck Greece. They’ve gotten tens of billions of dollars in help and their response is to whine and cry because they can no longer live high on the hog on a fraudulent system paid for by other countries. Don’t let them leave the Euro; kick them the hell out. Let inflation and default ruin their economy. Maybe then they’ll figure out that you can’t run a country on bullshit.
You can’t run it on threats either.
(Via Tyler Cown, who has been calling Syriza the Not Very Serious People. We may have to elevate that to the Not Very Sane People.)