{"id":6101,"date":"2010-02-15T17:24:00","date_gmt":"2010-02-15T15:24:00","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=6101"},"modified":"2010-02-15T17:24:00","modified_gmt":"2010-02-15T15:24:00","slug":"europe-cannot-afford-to-rescue-greece","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/02\/15\/europe-cannot-afford-to-rescue-greece\/","title":{"rendered":"Europe cannot afford to rescue Greece"},"content":{"rendered":"<p><a href=\"http:\/\/www.ft.com\/cms\/s\/0\/9b8e66a6-1a3c-11df-b4ee-00144feab49a.html\">FT.com \/ Comment \/ Opinion - Europe cannot afford to rescue Greece<\/a>.<\/p>\n<p>A former member of the board of the European Central Bank argues that the EU can bail out a bank but not a country.<\/p>\n<p>This is the ultimate negation of responsibility: capital matters but people do not.<\/p>\n<p>The chance that Europe can survive without serious conflict, the breakdown of democracy and the rise of extremism if this sentiment prevails is low.<\/p>\n<p>Be very worried: the promoters of global corporatism are getting their way: capital roams freely wherever it will, those who suffer the local consequence must suffer at the will of those who direct that flow. The ideology is as ugly as a suspect the motivations are. The preservation of monetary discipline appears to me to be a pretext for imposition of another, and much more unpalatable discipline.<\/p>\n<p>Is Greece the portender of much broader chaos to come?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FT.com \/ Comment \/ Opinion &#8211; Europe cannot afford to rescue Greece. A former member of the board of the European Central Bank argues that<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/02\/15\/europe-cannot-afford-to-rescue-greece\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,16],"tags":[],"class_list":["post-6101","post","type-post","status-publish","format-standard","hentry","category-economics","category-ethics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=6101"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6101\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=6101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=6101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=6101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}