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What Greece Wants

As a European, I am just a detached observer of Asian affairs. But when it comes to the destiny of the European Union, I feel I am personally involved. Although this is a blog about Asia, I cannot ignore what is happening in Europe, and I want to write a few words about it.  On the statement he published this morning on his own blog , Greece's former Minister of Finance, Jiannis Varoufakis , explained that what the Greek government wants is simply: an agreement that involves debt restructuring, less austerity, redistribution in favour of the needy, and real reforms They are not asking for their debt to be written off, as some media has argued; they just want their debt to be sustainable. As Varoufakis said in one interview (as I can speak Greek, I am following the actual debates in Greece), he thinks that the austerity policies of the troika are not viable for Greece , because they hinder growth and create a situation of instability that makes the recovery of Greece imp

While Europe Destroys Itself, China Hopes That Greece Will Stay In The Eurozone

In a speech delivered at the University of Zurich on September 19, 1946, Winston Churchill called for the rebirth of the pan-European idea. This "noble continent”, he said, was “the home of all the great parent races of the Western world, the foundation of Christian faith and ethics, the origin of most of the culture, arts, philosophy and science both of ancient and modern times”; and yet, it was from this great continent that a series of nationalistic movements had originated, which had plunged the whole world into the most catastrophic wars.  Europe, however glorious its past, lay now in ruins. Its economy had been devastated. Millions of displaced men and women marched homewards from battlefields, concentration and labour camps. Prisoners of war languished in captivity. Fallen soldiers left widows and orphans behind. Divided by hatred, impoverished by war, shocked by the unprecedented cruelty it had unleashed upon itself, Europe's prospects were bleak. Was it ever goi