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Athens and is perhaps not a model for others as it was at the time of Pericles. But the blame for the crisis of the euro should be more widely shared

Let me tell you that our system of government does not copy the institutions of our neighbors. It is more the case of our being a model for others, none of our imitation of others. Our Constitution is called a democracy because power is in the hands of some but not all people. "

was Pericles, relayed by Thucydides, speaking to his fellow Athenians in 431BC. Things have changed. Athens is told by other governments and traders in financial markets that are the successors of the old merchant

agora

(market), other general and Germany in particular, are a model for Greece. The corporate message is: beware of Greeks bearing debts. These are the Athenians, who must imitate others.

The passage of Thucydides is held in the funeral oration. Great efforts are made to avoid the need for a funeral for the accession of Greece to the euro area - and, indeed, for the euro area itself. And the question is: can the minority pro-euro nominal power to win the support of "all" for a rescue of the financial sector, the potential size seems to be amplified by the week

Now, since Greece was guilty of all sorts of wrongdoing, critics have a point - a very good point. While the citizens of the source of democracy must pay their taxes, and it is perfectly understandable that Northern Europeans, with an eye on all year for your vacation in the Mediterranean, which outraged the grant to members of the European Union want a free ride

Now, in a parallel meeting in Liverpool, where the political journalist Steve Richards was in talks with the balls, put the shadow chancellor of the current impasse with crystal clarity: "Consumers and companies are very conservative and governments at the same time, they try to reduce its deficit. "The emphasis on austerity, both in Britain and Greece, will make things worse. The sad part of efforts in the parliaments of the euro area for the approval of transactions support is that the conditions accompanying austerity is likely to be cons-productive.
Lombard Street Research