[lbo-talk] Prepare for riots in euro collapse, Foreign Office warns

[James Heartfield]

If Germany's goals is export led growth, then, Doug asks, 'why squeeze your 
export markets into a deflationary depression?'
I don't think they had a lot of choice in the matter. Greece's indebtedness 
is the result of that German-led policy of extending cheap credit to their 
export markets in Europe. The credit crunch is the interruption of that 
process. Germany's insistence on repayment (which when you look close up at 
it is writing off quite a lot of debt, just hoping the Greeks will commit to 
paying back enough to persuade lenders to return to lending) is just their 
way of saying that the costs of all this will be born by you lot. What 
everyone is hoping is that normal service will be resumed as soon as 
possible.