Crisis caused by groupthink among economists best addressed by appointing economists to head governments, say all economists.posted by vanar sena at 11:56 PM on November 16, 2011 [52 favorites]
France wants to deliver two to four new frigates to the Greek navy and to allow the highly indebted nation to postpone payment of the €300 million ($412 million) purchase price per ship for the next five years.In effect they're lending them the frigates with an option to purchase in five years at the depreciated value. I have no idea why they're even pretending that the actual sale price is €300 million per frigate; the time value of money means that the real price is less than €200 million - if Greece doesn't return the frigates. I find it hard to imagine that France is desperately hungry for more Greek debt. The only explanation I can think of is that France urgently wants to strengthen Greece's navy - and the only reason that makes sense is that Turkey has begun flexing its muscles again. But why France and not Germany?
Under the deal, Greece will have the option of paying up after five years, with a significant discount of €100 million, or returning them to the French navy.
Okay, so I don't know much about the Greek situation but I remember reading that just a few weeks ago there were massive protests in the streets. Why has the appointment of an economist as the new Prime Minister seemingly quelled the protests?Maybe the media just stopped covering them heavily? Here's an article about anti-austerity protests today involving 30,000 people. Here's another article which indicates that it's an annual thing and puts the number at 28k
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There are 12 socialists (PASOK) in the cabinet, two members of the ND (centre-right), two independents (including the prime minister), and one member of the right wing nationalist party LAOS (that's Voridis).
LAOS has 5% of the seats in parliament, 4th largest after PASOK, ND, and the Communists (who weren't interested in joining an austerity government).
Almost as if... even this government of technocrats needed to include members of enough political parties in parliament to ensure that it would have a voting majority there.
posted by atrazine at 11:49 PM on November 16, 2011 [6 favorites]