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Eduardo Beira
Attended University of Porto
Lives in Vila Nova Gaia
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Eduardo Beira

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Grécia (II): as cinzas de Merkel
Não serei o primeiro a dizer que o "não" grego foi uma pesada derrota pessoal de Merkel. Alguns falam mesmo da maior derrota da sua carreira - o que provavelmente é verdade. Prova disso poderá ser a capa do ultimo número da Der Spiegel. A saída da Grécia e ...
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Grécia: a incomensurabilidade
1. Gráfico muito elucidacidativo publicado pelo Royal Bank of Scotland: apesar de tudo os gregos reduziram substancialmente a despesa pública, muito mais do que os outros países - e com isso precipitaram uma colossal recessão interna, resultado da receita d...
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Eduardo Beira

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What is driving Germany’s desperate need to rid itself of the Greek problem?

One possible answer is that Germany finds the truth about Greece too upsetting, too challenging. This is because since 2010 Greece has done most of what the Troika asked of it. In particular, changes in its government’s underlying primary budget balance (i.e. the degree of austerity enacted) have been greater, by a long distance, than any other European economy. For many outside Germany what has happened to Greece as a result is hardly surprising: austerity is contractionary, and austerity on steroids is ruinous. Yet Germany is a country where the ideas of Keynes, and therefore mainstream macroeconomics in the rest of the world, are considered profoundly wrong and are described as ‘Anglo-Saxon economics’. Greece then becomes a kind of experiment to see which is right: the German view, or ‘Anglo-Saxon economics’.

The results of the experiment are not to Germany’s liking. Just as ‘Anglo-Saxon economics’ would have predicted, the results for Greece under the Troika have been a disaster. After dutifully taking the medicine for years, and seeing the collapse of their economy, finally the Greek people could take no more. Confronting this reality has been too much for Germany. So instead it has created its fantasy, a fantasy that allows it to cast its failed experiment to one side, blaming the character of the patient
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 A Eurozone captured by an ideology will insist there is but one path, and that the imperative of austerity is too important to accommodate democratic wishes. Pursuing that ideology has brought the Eurozone to the brink, where it is prepared to force out one of its uncooperative members. Critics of austerity are not trying to destroy to Eurozone, but save it from the grip of this self-destructive ideology. 
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Have him in circles
96 people
Luis Guimaraes's profile photo
Daniel Barbosa's profile photo
Antonio Vieira's profile photo
Albino Rocha's profile photo
FOZTUA Braganca's profile photo
Duarte Klut's profile photo
Miguel Fernandes's profile photo
Churrasqueira do Toural's profile photo
otilia lage's profile photo
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  • University of Porto
    Chemical Engineering, 1969 - 1974
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This is wrong. "Quintinha do Manel" is in Carrazeda de Ansiães center, not in Zedes (a village a few kms from Carrazeda). But of course the restaurante is good - try the "cabrito"
Public - 2 years ago
reviewed 2 years ago
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