Despression or Democracy by Paul Krugman December 11, 2011
*** Executive Summary ***
People who pay the bills are the evil ones.
*** Footnotes ***
Paragraph 4, "First of all, the crisis of the euro is killing the European dream". The reality is the Euro is just a unit of exchange. People go to work in corporations and are paid wage. The euro is not killing the European dream, politicians and government are.
Paragraph 5, "German Power", I thought it was Greece and other countries that are trying to skip out of their loans.
Paragraph 7, "Right-wing populists are on the Rise". When the government plans to steal and take money from those that earned it and give it to those that don't, right-wing populists should rise. The only way to stop the rise of nuts is to let them be sane.
Last Paragraph, "And they also need to rethink their failing economic policies. If they don’t, there will be more backsliding on democracy — and the breakup of the euro may be the least of their worries. "
Greek printed a bunch of non-securitized loans aka Greek debt. They have the choice to repay it or not. If they don't, the banks lose their money. Some banks will hopefully go broke and their owners sued for all they got. It is the honest decision, and all the right wing fanatics will go away if people are treated fairly.