Takis Michas: What the Greek Left Wants - WSJ.com Its only prescription for Greece's economic problem is that the country should refuse to pay its debt, expropriate the rich and staff the bloated public sector with even more people. Its leader, Alexis Tsipras, has suggested hiring 150,000 more people in the civil service as a way of reducing Greek unemployment. this sounds familar as well: The party has, for example, consistently opposed teachers' evaluations or other overhauls to the ailing education system. It has vehemently opposed reducing state bureaucracy or reforming the inflexible Greek labor market.
it's the old throw money at it solution. what seems to be lost is the fact they have no money. interestingly the EU paid them their money today despite the rumors they wouldn't so it looks like greece is saved at least for a month or so.
this opinion piece is a great read. the last paragraph really predicted what happened today: Perhaps afraid of producing a self-fulfilling prophecy, the rest of the EU—and especially Germany—has been unable or unwilling to articulate a concrete and credible account of what will follow if Greece refuses to undertake the reforms it has promised. Had Brussels stated clearly that a Greek refusal to comply with the agreements Athens has signed will mean an immediate exit not only from the euro zone, but also from the European, the results of last weekend's election might have been quite different.