Under the Black Flag

Democracy and Ferraris

Greece is certainly female.  Like the fair sex, she changes her mind nonstop.  One day she sleeps with the German suitor; the next she decides to declare her independence from the Kraut and go it alone.  Finally, she chooses both—the moneybags and her freedom.  After all, she’s Greek, and she thinks that rules do not apply to her.  Welcome to modern Hellas, a place that never pays the piper, and where everyone goes to the beach, rain or shine.

She has a point.  The bureaucrooks of Brussels insist you can cure debt with more debt.  German taxpayers tell Frau Merkel they are fed up with their own savings being sent as loans to the weaker nations.  The Greeks insist on it, and soon they will be joined by the Spanish and the Italians.  Europe is in chaos, runs on banks are an obvious possibility, and the eurosystem’s life is in jeopardy.  And it all began with little Greece, like the invention of democracy 2,000 years ago, however selective the original system was.

Speaking of selective democracy, here’s how it works in its birthplace.  The president of the country, a left-wing nonentity by the name of Karolos Papoulias, invites all party leaders to form a government, including an extreme leftist whose party received six percent of the vote.  But he fails to invite two leaders of the right whose combined percentage...

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