EU Handling of Greece Bailout is Dumb
I was struggling a bit to come up with the right word to describe how the EU is handling the whole Greece/Euro situation. It's not really 'dumb' in the intellectual sense, since a certain amount of dancing around issues and obfuscation seems somewhat necessary to try to get public buy-in to their policies (that is, the only way their people are going to support what they are doing is if they don't really understand it). It's also not dumb in the end-goal sense: if you want to preserve the nominal stability of the monetary union, and prolong Greece's national default by stealing wealth from the other countries in the EU, this is a good way to do it. No, what I mean by 'dumb' is that this whole process exemplifies most of what I find distasteful about politics in general. First you have a political system which is very popular among the people, but doomed to economic failure like every other attempt before it. Then you have this effort to prolong the probl...