The Euro is humanity's future. Rather than criticize the imperfect Euro, it would be really helpful if Alan Greenspan would get off his butt and help readjust the Euro.
I believe that Greece has a systemic problem with unreliable governmental information. Telling people to fix such a complex problem is useless. Providing mentors to show people how to fix such a problem is effective.
So you need a EURO CARE CORP. Send in teams of two Europeans, one retired expert and one young graduate. Pay them poorly, and require that they live among the Greek people. (Sort of like how the US legal aid worked, back when it was funded.) Get a NATO general with field experience to set up the logistics.
Then form a GREEK DATA CORP. Hire the unemployed Greek young people at minimum wage to do the necessary scanning and data entry.
Start with the tax offices, the courts, and the property records. I would consider putting guards on the financial data that needs to be entered. Messy records allows fudging the data. Good records will discover these financial shenanigans.
Europe must also grant Greece what the allies granted Germany after World War II. Forgive 50% of the Greek debt.
This should fix both the short term and long term problems in Greece.
BTW, the Greeks should REFUSE to resign from the EURO. If there is going to be a Europe it needs to be a Europe which believes, "All for one, and one for all."
China needs to realize that if they continue to listen to Russian propaganda and sell stocks, they can wipe out all they have gained, and they will have done it to themselves.
Wednesday, July 8, 2015
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