Sunday, February 19, 2012

The Greeks have a word for it. Desperation.

What could go wrong?
There is another view.
 There is no historical precedent in the world for such breakneck privatisation. The closest parallel is the Treuhand disposal in East Germany after reunification, but that took 12 years, and the manager was "shot dead" by the Red Army Faction, Mr Mitropoulos said with a thin smile. 
But, is this going to stop the brave New Zild government from boldly going down the plughole? Shoot no!

Spelling error fixed with great idiocy.


wiley said...

It seems a defection from the EU is in order. This fear of hyperinflation is starting to read like a disorder that primarily effects people with more money than God.

M. Bouffant said...

Gawd forbid their money should lose any value.

Pretty much over for the English-speaking peoples, & not a moment too soon.

O.E. Newsletter?

ifthethunderdontgetya™³²®© said...

All this has been great for the banks.


Another Kiwi said...

Goodness me, lookit that MB. In terms of things coming true just because you wrote them.
That's when AK found the large sack of gold coins in the attic.

wiley said...

Egad--- another fine collection of short stories--- by entomologists, no less! Clouds is up and busy and I'm starting to feel conspicuously unproductive. If I steal the stories now---

Oh dawg, there is so much. Those super-rich guys should stop worrying about money and find something else to do. It would free them up considerably if they gave most of their money away and turned their attentions to what wonderful things humans produce when they aren't making money.

zombie rotten mcdonald said...

I suppose "desparation" is simply a fiendishly clever New Zealand poet-pun that I am too dim to comprehend.

Sigh. I really do hang out at all the wrong places, don't I?

Substance McGravitas said...

There is no historical precedent in the world for such breakneck privatisation.

There was this, and it worked out just fine.

Another Kiwi said...

Re Desparation: See I cannot spell, you don't want these brains, ha ha.

Mandos said...

This whole thing has left me very angry and DOOM-y. Greece was denied the opportunity to default on its own terms, with the threats communicated ever so mildly to us by such self-appointed spokescritters as certain places like *cough*Crooked Timber*cough*. But it will be let go anyway, a husk sucked dry. Classic shock doctrine.

Substance McGravitas said...

Daniel Davies appears in particular to be pretty irked at the idea that some folks should receive benefits that others must pay for. Which is sort of a funny thing.

Mandos said...

It's shocking---and yet, not---the level of praise that that utterly transparent exercise in proxy derrière-draping received.

fish said...

Other assets up for sale include Hellenic Postbank - one of Greece's major lenders - the Thessalonki water company, gas company DEPA and the train operator Trainose. The exact contents of the list for privatization have yet to be finalized with the Greek Finance Ministry.

What could possibly go wrong with turning something as fundamental as water over to a for-profit company?

I am sure privatization will work for Greece just like it did for Bolivia.

Another Kiwi said...

Thy needs louk no futher'n Yorkshire 1995 me ald lad