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bibabo

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Most interesting is this: Many people compare other countries unemployment to US U3 not US U6/U5 while countries with gov. unemployement benefits (unemployed are people who get money, which includes people not looking or with a small amount of income) have numbers more in tune with U6/U5 and should be compared to U6/U5.

This makes the US economy always looks nicer.

(Same for GDP with chained dollars btw.)

I agree Germany should pay war reperations. As should Greece to Turkey and the Balkan for their invasions there, as should France to Germany for the napoleonic wars, Sweden to my hometown where they've killed nearly everyone and razed the city, the US for Vietnam to Laos. All the colonial powers should pay what they stole from their colonies, the UK to India, France to Africa. The US to the Philipines. France and the UK should pay and clean up the mess they've created in the middle east. I totally agree.

Germany is importing work (which is not measured in the usual import/export KPIs) on massive scale with money going back to the originating countries. This has been going on with Italy and Turkey over decades (60-80), with Poland in the 90s and currently with Spain and Eastern European countries.

Real import/export KPIs would take this into account. Then I would assume Germany is a net importer not exporter.

"[...] literally murderous [...]"

Exactly. This needs to stop immediatly. Suicide rates in Germany are 4X (!) as high as in Greece. Germany is living on an extreme austerity program since more than 10 years - the Agenda 2010 implemented by the socialists in 2003. Cuts to unemployed people, cuts to families, cuts to everyone, stagnation of income for over a decade except for the top 1%. Where do they think this should end?

( http://en.wikipedia.org/wiki/List_of_countries_by_suicide_ra... )

1. The Baltic states, Poland, everyone except the southern countries (and I assume Spain with a thriving economy in 2014/2015 will join the club when unemployment drops) is on the same page. But as an excellent demagogue Tsipras knows he needs a simple enemy (Germany) to rally the mob.

2. Yes Germany defaulted, but did not make it it's modus operandi.

Excellent that you've brought up the Marshall plan:

The Marshall plan was essentially the same as what the EU imposes on Greece: "The Marshall Plan required a lessening of interstate barriers, a dropping of many petty regulations constraining business, and encouraged increase productivity, labour union membership, and the adoption of modern business procedures." http://en.wikipedia.org/wiki/Marshall_Plan

Where it differed: Beside that the Marshall Plan required European countries (beside Germany e.g. France, Britain, essentially everyone else) to buy from US companies: "Much of the Marshall Plan aid would be used by the Europeans to buy manufactured goods and raw materials from the United States and Canada. [...] The Marshall Plan aid was mostly used for the purchase of goods from the United States" (Same source)

Last interesting tidbit from the Marshall plan "The first substantial aid went to Greece and Turkey in January 1947". (Same source)

Indeed Greece got nearly twice the money from the Marhsall plan per person compared to Germany.

(For comparision Germany got 1.5B, Greece 0.4B, UK 3.3B, France 2.3B)

2. On war damages: I agree they were not paid and I agree with you on moral grounds, but I'm not sure it is economically relevant. The billions from the EU and the (2015 Euro) Marshall plan did not help, so I would not assume paying war damages would put Greece in a different situation. Except perhaps this makes Germany (see 1) a nice enemy.

While we're at war damages, I don't think Greece has paid war damages for any of the wars it started over the last 2500 years. The invasion of Turkey, the baltic war or going back to the support of Alexander the Great - I wonder if Greece paid war damages to Iran for that. Or to Italy for the occupation and exploitation of Sicily (or the other colonies when Greece was an imperialistic colonial power house). So while I agree that Germany should have paid damages on moral grounds, this is a very slippery slope.

3. Tax cheaters always find moral explainations for their behaviour.

Some notes:

1. Greece is talking about Germany because it helps mobilize masses. Germany does not decide on it's on on this nor is the most agressive player. Most northern and eastern countries are more agressive in their opinion against Greece. But it helps to mobilize Greek masses with a simple enemy.

2. Greece has defaulted have a dozen times in modern times. This is the Greek way of doing things and will continue, whatever the EU, Germany or the IWF thinks and does.

3. People in Greece don't think of taxes as something you have to pay. Many Greeks stopped paying taxes the last months in anticipation of a new government. This will not change and is the main driver for Greek defaults.