Quote:
Originally Posted by Howard Beale
Who is the most responsible person for this and can he be shamed mercilessly?
The ranking of blame goes something like this:
Greek politicians pre-crisis and the people that voted for them (corruption, spending and cheating their way into a dumb currency union).
The people that came up with the Euro (just an dumb idea in general and they let in Greece despite knowing they cheated).
The ECB / people that made the rules for the Euro (the reluctance to do monetary stimulus is just insane and destructive).
Syriza and the people that voted for them (just no idea what they're doing. Things were actually looking like they were getting better, but they destroyed that. Lied to everyone by promising to stay in the Euro while ending austerity. Have handle the negotiations about as badly as is humanly possible and the referendum even worse).
Other Greek politicians post-crisis and the people that voted for them (too slow to implement supply side reforms)
Troika / rest of the Eurozone (Should have let Greece default / restructure their debt early in the crisis. Should have been more generous. Could maybe have done some kind of fiscal stimulus).