International Herald Tribune
February 13, 2012
As Greek lawmakers passed a deeply unpopular austerity bill amid huge protests to secure another bailout, many are wondering whether the country should embrace a default.
The Irish Independent thinks it’s only a matter of time. “At some stage over the next few weeks, maybe just days, matters will come to a head, Greece will default on its debts and the country will either leave or be ejected from the euro.” Stefan Kaiser, of Der Spiegel, agrees: if negotiators tried “being honest for a change” they would realize that there’s no option but bankruptcy.
For Panagiotis Sotiris, of the Greek Left Review, the real “question is not if Greece is going to default but how.” That’d be better anyway, writes Costas Lapavitsas in the Guardian: Athens should abandon “the charade of voluntary haircuts” and instead “default in a sovereign and democratic way by immediately declaring a cessation of payments.”
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