We Don’t Need To Speak Greek, By Owei Lakemfa. A Rejoinder. By OTUNBA ILEMOBADE
In Ancient Greek mythology and culture Dike was the goddess of
justice and fair judgement, justice is doing that which is morally and
legally right broadly speaking.
The Greek question is not that of unfairness, unjustness, on the part of European states, rather it is about the inability of Greek political leadership to do what is just and right in the circumstance, in terms of good social economic policies for sustainable governance.
According to Plato justice is about the rationality of order, Aristotle put it differently that justice is fairness encompassing lawfulness and the correction of inadequacies inherent in any human society; from this view point I submit that European states decision to place Greek on a diet of stringent structural adjustment and austerity measures is not inappropriate as such, therefore the question of strangulation raised in your opinion piece in the case of Greek or any developing global south countries do not arose ab-initio.
I quote: Skinning the Greeks for dinner and roasting them as barbecue, is a lesson for underdeveloped countries like Nigeria who think it is fashionable taking loans for whatever reason from Europe, the IMF or World Bank. The fundamental lesson for the world, especially Africans, Asians and Latin Americans is, if Europe can put the noose round one of its own, then there is no country it cannot strangulate when it comes to debt repayment.
The question of strangulation in the case of Greek or any other developing global south countries do not arose ab-initio, what is worth doing is worth doing well, therefore it is the responsibility of indebted countries to in the primera instance avoid getting themselves into debt quagmire.
If you laid your bed haphazadly you are bound to sleep on it in that form unless you have someone else to put things right for you, this is the case with Greek, it is fundamentally important here to emphasize that European states intervention would bring back good governance, prudent management of funds and sustainable social economic policies, that on the long run minimise debt overhang.
To blame European states for strangulation is a kind of oversimplification of a problem with global dimensions, Greek had on many occassions the opportunities to restructure their economy and micro-economic policy, but they refused to do so; instead playing political “ostrichism” with their future.
Zimbabwe, Cuba et al are no good example in this case, We all are witnesses to the human tragedy unfolding in both countries.
Austerity is not only in Greek, please note that all European states are under one kind of austerity measures, a prescription as a result of the economic crisis orchestrated by the economic debacle in the USA, therefore it is not correct to blame the European states for the Greek drama. They are also affected by this disaster.
OTUNBA ADE ILEMOBADE, is a Philosopher.
Twitter: @pearl2prince
The Greek question is not that of unfairness, unjustness, on the part of European states, rather it is about the inability of Greek political leadership to do what is just and right in the circumstance, in terms of good social economic policies for sustainable governance.
According to Plato justice is about the rationality of order, Aristotle put it differently that justice is fairness encompassing lawfulness and the correction of inadequacies inherent in any human society; from this view point I submit that European states decision to place Greek on a diet of stringent structural adjustment and austerity measures is not inappropriate as such, therefore the question of strangulation raised in your opinion piece in the case of Greek or any developing global south countries do not arose ab-initio.
I quote: Skinning the Greeks for dinner and roasting them as barbecue, is a lesson for underdeveloped countries like Nigeria who think it is fashionable taking loans for whatever reason from Europe, the IMF or World Bank. The fundamental lesson for the world, especially Africans, Asians and Latin Americans is, if Europe can put the noose round one of its own, then there is no country it cannot strangulate when it comes to debt repayment.
The question of strangulation in the case of Greek or any other developing global south countries do not arose ab-initio, what is worth doing is worth doing well, therefore it is the responsibility of indebted countries to in the primera instance avoid getting themselves into debt quagmire.
If you laid your bed haphazadly you are bound to sleep on it in that form unless you have someone else to put things right for you, this is the case with Greek, it is fundamentally important here to emphasize that European states intervention would bring back good governance, prudent management of funds and sustainable social economic policies, that on the long run minimise debt overhang.
To blame European states for strangulation is a kind of oversimplification of a problem with global dimensions, Greek had on many occassions the opportunities to restructure their economy and micro-economic policy, but they refused to do so; instead playing political “ostrichism” with their future.
Zimbabwe, Cuba et al are no good example in this case, We all are witnesses to the human tragedy unfolding in both countries.
Austerity is not only in Greek, please note that all European states are under one kind of austerity measures, a prescription as a result of the economic crisis orchestrated by the economic debacle in the USA, therefore it is not correct to blame the European states for the Greek drama. They are also affected by this disaster.
OTUNBA ADE ILEMOBADE, is a Philosopher.
Twitter: @pearl2prince
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