It is remarkable how quickly things in Europe have changed and how utterly the old solutions are seeming, suddenly, a little silly.
Growing an economy by sacking a hundred thousand public servants? Really? And halving the old age pensions? Really?
What will happen for sure now, I surmise, is what I recommended six months back: a two-currency Greece, with the euro and the drachma, the drachma not to leave the country; a two-currency Ireland, with the euro and the punt; a two-currency France, with the euro and the franc; and so on. Food will be grown and marketed, jobs created moving it about and cooking it, wages paid half-and-half, or two-to-one in the local and the universal currency, and sanity, all over, restored. If Tsipras nationalises the banks as he is planning to (and Chifley wasn’t able to), the whole thing could happen pretty rapidly.
And we could do the same here after trialling it in, say, Tasmania.
If Greece goes the way it seems to be going, and Cameron falls now his dates with Rebekah have been revealed, this EuroSocialist Tsunami (EST) is a near certainty.
Or perhaps you disagree.