Suicide by Spending

Alexis Tsipras, head of the Coalition of the Radical Left—SYRIZA—has announced that if he becomes the next Greek Prime Minister after the June elections, he will demand that Europe expand funding for Greek spending under a new set of agreements, or he will repudiate all Greek debt, in the expectation that such a repudiation will collapse Europe’s economies.  Europe, demands Tsipras, must move to a more “growth oriented” policy vis-à-vis Greece.  But his idea of growth is simply growth in government and growth in government spending.

Of course, this is naked extortion, and it should make it impossible for any further talks between the EU and Greece to occur—and for any further money to be sent to Greece.

There was a scene (NSFW) in Blazing Saddles that comes to mind from this SYRIZA extortion attempt.  The EU shouldn’t fall for it.

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