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csense
Interesting point of view from the mainstream narrative -- but if this is true, why aren't more people pointing it out?
jarcane
I think perhaps partly because it's just not being told? It wouldn't be the first time, after all.

There's another great piece here on just how out-of-control the German narrative of events has become here: http://mainlymacro.blogspot.fi/2015/07/why-germany-wants-rid...

I think there's something to be said for the parallel he draws: It's essentially the typical local austerity narrative writ large. The poor/creditor are lazy and corrupt and their woes are all their fault (pay no attention to the Bugatti driving banker behind the curtain).

yasiel
Conspiracy aside. It's easier to vilify a single group than explain the true more complex story.

Great quote from your article: There is a "universal tendency for poverty to be explained in terms of the personal failings of the poor."

digi_owl
I think quite a few has, but none of them happen to be tenure holding economists or similar that the MSM reach out to for "comments".

Frankly the MSM has been the bullhorns of the finance elite and their EU sockpuppets.

mcv
I've seen parts of this pointed out in a wide variety of places.
jack9
This isn't any different than the mainstream narrative. Greece has no significant exports. They never have, never will (without special circumstance). Their GDP is almost solely based on tourism. As austerity was introduced (then ramped up), this eroded any existing value. They should never have been included in the union, but at the time this was one of many risky countries that served as a building block for the Euro powerhouse. It was ultimately worth it, but they will have to be removed. Greece went from one of the most powerful and influencial countries of the last millenium to the Tiajuana of the mediterranean, because of modern economic advances. So what?