imagine it rains today I see some British people in the audience smiling
British people in the audience smiling
British people in the audience smiling at me with confidence rain is their
at me with confidence rain is their
at me with confidence rain is their thing we know for the people from the
thing we know for the people from the
thing we know for the people from the Cote d’Azur rain that’s when there’s
Cote d’Azur rain that’s when there’s
Cote d’Azur rain that’s when there’s water dropping from the sky now imagine
water dropping from the sky now imagine
water dropping from the sky now imagine it rains and you go outside wearing
it rains and you go outside wearing
it rains and you go outside wearing nothing but a paper head like this one
nothing but a paper head like this one
nothing but a paper head like this one to protect you from the from the water
to protect you from the from the water
to protect you from the from the water now you’ll get soaked the Brits can
now you’ll get soaked the Brits can
now you’ll get soaked the Brits can confirm so when it wins against when it
confirm so when it wins against when it
confirm so when it wins against when it rains against tomorrow
rains against tomorrow
rains against tomorrow the one thing you would definitely not
the one thing you would definitely not
the one thing you would definitely not be using is a paper head learning what a
be using is a paper head learning what a
be using is a paper head learning what a certain action in history led to is what
certain action in history led to is what
certain action in history led to is what academia calls an historical argument in
academia calls an historical argument in
academia calls an historical argument in line with Albert Einstein who once said
line with Albert Einstein who once said
line with Albert Einstein who once said insanity is doing the same thing over
insanity is doing the same thing over
insanity is doing the same thing over and over again expecting different
and over again expecting different
and over again expecting different results I would like to present to you
results I would like to present to you
results I would like to present to you today I have found austerity as it is
today I have found austerity as it is
today I have found austerity as it is pursued today right now in Greece as the
pursued today right now in Greece as the
pursued today right now in Greece as the biggest insanity of the 21st century and
biggest insanity of the 21st century and
biggest insanity of the 21st century and why I think it is the German language
why I think it is the German language
why I think it is the German language that has driven Europe insane now that
that has driven Europe insane now that
that has driven Europe insane now that was a bit too quick maybe so I’ll start
was a bit too quick maybe so I’ll start
was a bit too quick maybe so I’ll start in the beginning I’m a university here
in the beginning I’m a university here
in the beginning I’m a university here where we have quite an interdisciplinary
where we have quite an interdisciplinary
where we have quite an interdisciplinary approach we study economics we study
approach we study economics we study
approach we study economics we study sociology political science and it’s a
sociology political science and it’s a
sociology political science and it’s a nice way icing on that educational cake
nice way icing on that educational cake
nice way icing on that educational cake we studied the Middle East its languages
we studied the Middle East its languages
we studied the Middle East its languages its societies and well why am I even
its societies and well why am I even
its societies and well why am I even mentioning this it’s what one year ago
mentioning this it’s what one year ago
mentioning this it’s what one year ago that we had like one of these terribly
that we had like one of these terribly
that we had like one of these terribly long days that every university student
long days that every university student
long days that every university student learns to hate at some point we first
learns to hate at some point we first
learns to hate at some point we first had a long session of economics who
had a long session of economics who
had a long session of economics who talked about the Greek austerity and the
talked about the Greek austerity and the
talked about the Greek austerity and the theory behind it then we switch
theory behind it then we switch
theory behind it then we switch classrooms to have a class class about
classrooms to have a class class about
classrooms to have a class class about the modern history of the Middle East
the modern history of the Middle East
the modern history of the Middle East and about half an hour into that class
and about half an hour into that class
and about half an hour into that class it just hit me like a ton of bricks
it just hit me like a ton of bricks
it just hit me like a ton of bricks literally I was sitting there and we
literally I was sitting there and we
literally I was sitting there and we were talking about Egypt in the
were talking about Egypt in the
were talking about Egypt in the nineteenth century but I felt like we
nineteenth century but I felt like we
nineteenth century but I felt like we had never
had never
had never even left the economics class literally
even left the economics class literally
even left the economics class literally everything we were saying or had been
everything we were saying or had been
everything we were saying or had been saying about Greece we’re now saying
saying about Greece we’re now saying
saying about Greece we’re now saying about Egypt Egypt had massive debt in
about Egypt Egypt had massive debt in
about Egypt Egypt had massive debt in the 18 detonate in the 1870s to whom the
the 18 detonate in the 1870s to whom the
the 18 detonate in the 1870s to whom the European banks had given money to the
European banks had given money to the
European banks had given money to the Egyptian government on let’s say
Egyptian government on let’s say
Egyptian government on let’s say questionable terms that it was now no
questionable terms that it was now no
questionable terms that it was now no longer able to be to repay Greece had
longer able to be to repay Greece had
longer able to be to repay Greece had massive debt in 2010 to whom the
massive debt in 2010 to whom the
massive debt in 2010 to whom the European banks had given money to the
European banks had given money to the
European banks had given money to the Greek government on terms that were
Greek government on terms that were
Greek government on terms that were let’s say questionable that Greece was
let’s say questionable that Greece was
let’s say questionable that Greece was now no longer able to repay Egypt tried
now no longer able to repay Egypt tried
now no longer able to repay Egypt tried to consolidate its debt because the
to consolidate its debt because the
to consolidate its debt because the European politicians got scared for the
European politicians got scared for the
European politicians got scared for the stability of their banks they said it
stability of their banks they said it
stability of their banks they said it put in place a commission the rubella
put in place a commission the rubella
put in place a commission the rubella Gershon Commission that would take over
Gershon Commission that would take over
Gershon Commission that would take over politics in Egypt and run their
politics in Egypt and run their
politics in Egypt and run their government to make sure that the money
government to make sure that the money
government to make sure that the money from the Egyptian people or from the
from the Egyptian people or from the
from the Egyptian people or from the Egyptian government would be paid back
Egyptian government would be paid back
Egyptian government would be paid back to the European banks as quickly as
to the European banks as quickly as
to the European banks as quickly as possible a little effect aside here the
possible a little effect aside here the
possible a little effect aside here the first law that they introduced raised
first law that they introduced raised
first law that they introduced raised taxes on tobacco because people
taxes on tobacco because people
taxes on tobacco because people basically consumer at any price whether
basically consumer at any price whether
basically consumer at any price whether it is important you’ll see in a second
it is important you’ll see in a second
it is important you’ll see in a second Greece declared its budgetary deficit in
Greece declared its budgetary deficit in
Greece declared its budgetary deficit in 2010 the European politicians once again
2010 the European politicians once again
2010 the European politicians once again afraid for the stability of their banks
afraid for the stability of their banks
afraid for the stability of their banks put in place a commission this time they
put in place a commission this time they
put in place a commission this time they called it the troika that would make
called it the troika that would make
called it the troika that would make sure the Greek government would repay
sure the Greek government would repay
sure the Greek government would repay its debt to the European banks and
its debt to the European banks and
its debt to the European banks and governments now of course things had
governments now of course things had
governments now of course things had gotten a bit more complicated now there
gotten a bit more complicated now there
gotten a bit more complicated now there was this thing called democracy and a
was this thing called democracy and a
was this thing called democracy and a constitution that was somehow dictating
constitution that was somehow dictating
constitution that was somehow dictating how laws was supposed to be made made
how laws was supposed to be made made
how laws was supposed to be made made but as the saying goes money rules the
but as the saying goes money rules the
but as the saying goes money rules the world so they found a way to give the
world so they found a way to give the
world so they found a way to give the troika a veto right over any law that
troika a veto right over any law that
troika a veto right over any law that passes the Parliament in Greece and
passes the Parliament in Greece and
passes the Parliament in Greece and finally this way the never elected
finally this way the never elected
finally this way the never elected troika dictated the laws to the Greek
troika dictated the laws to the Greek
troika dictated the laws to the Greek parliament and well you might actually
parliament and well you might actually
parliament and well you might actually know now what the first law was or what
know now what the first law was or what
know now what the first law was or what the first austerity package included it
the first austerity package included it
the first austerity package included it was indeed a law that would increase
was indeed a law that would increase
was indeed a law that would increase taxes on tobacco
taxes on tobacco
taxes on tobacco because people consume it at any price
because people consume it at any price
because people consume it at any price it was like the troika was playing by a
it was like the troika was playing by a
it was like the troika was playing by a 140 year old playbook now why I could I
140 year old playbook now why I could I
140 year old playbook now why I could I could keep going at this pace for
could keep going at this pace for
could keep going at this pace for another 20 minutes I could give you
another 20 minutes I could give you
another 20 minutes I could give you another 20 minutes of details about the
another 20 minutes of details about the
another 20 minutes of details about the parallels between Greece and Egypt but
parallels between Greece and Egypt but
parallels between Greece and Egypt but it would bore you and it would bore me
it would bore you and it would bore me
it would bore you and it would bore me too
too
too so let’s just talk about the elephant in
so let’s just talk about the elephant in
so let’s just talk about the elephant in the room the question mark I seen your
the room the question mark I seen your
the room the question mark I seen your faces why is all of this even relevant
faces why is all of this even relevant
faces why is all of this even relevant imagine austerity is our paper head and
imagine austerity is our paper head and
imagine austerity is our paper head and the debt crisis is the rain indeed in
the debt crisis is the rain indeed in
the debt crisis is the rain indeed in 1876
1876
1876 no one could actually know if austerity
no one could actually know if austerity
no one could actually know if austerity would one day lead to growth because
would one day lead to growth because
would one day lead to growth because they’ve never tried it before it’s like
they’ve never tried it before it’s like
they’ve never tried it before it’s like you’re the first person to leave your
you’re the first person to leave your
you’re the first person to leave your house in the rain with nothing but a
house in the rain with nothing but a
house in the rain with nothing but a paper head on
paper head on
paper head on however if politicians today claimed the
however if politicians today claimed the
however if politicians today claimed the same thing and say well we don’t know
same thing and say well we don’t know
same thing and say well we don’t know but there’s a good chance in five years
but there’s a good chance in five years
but there’s a good chance in five years Greece will be absolutely fine well then
Greece will be absolutely fine well then
Greece will be absolutely fine well then they should look into the history books
they should look into the history books
they should look into the history books let’s look into what lessons we can
let’s look into what lessons we can
let’s look into what lessons we can possibly learn from the Egyptian case is
possibly learn from the Egyptian case is
possibly learn from the Egyptian case is there something we can learn for Greece
there something we can learn for Greece
there something we can learn for Greece from the Middle East from Egypt in the
from the Middle East from Egypt in the
from the Middle East from Egypt in the 19th century I tried to do some research
19th century I tried to do some research
19th century I tried to do some research after that day last year and it’s a bit
after that day last year and it’s a bit
after that day last year and it’s a bit difficult because obviously GDP per
difficult because obviously GDP per
difficult because obviously GDP per capita data from 150 years ago kind of
capita data from 150 years ago kind of
capita data from 150 years ago kind of difficult to find but there’s this
difficult to find but there’s this
difficult to find but there’s this project which is called the medicine
project which is called the medicine
project which is called the medicine project that uses historical data to
project that uses historical data to
project that uses historical data to find GDP data for four days that well
find GDP data for four days that well
find GDP data for four days that well are quite a long time ago now and that
are quite a long time ago now and that
are quite a long time ago now and that least give you a trend they might not be
least give you a trend they might not be
least give you a trend they might not be especially precise but we didn’t get an
especially precise but we didn’t get an
especially precise but we didn’t get an idea of what the economic situation of
idea of what the economic situation of
idea of what the economic situation of certain countries was like 140 50 years
certain countries was like 140 50 years
certain countries was like 140 50 years ago so what we see here is that in the
ago so what we see here is that in the
ago so what we see here is that in the 1870s compared to countries around in
1870s compared to countries around in
1870s compared to countries around in Egypt in the in the region for which we
Egypt in the in the region for which we
Egypt in the in the region for which we can find data is that they were but
can find data is that they were but
can find data is that they were but basically I’d like you to common the
basically I’d like you to common the
basically I’d like you to common the common ground economically however then
common ground economically however then
common ground economically however then Tunisia Algeria and Jordan kept having
Tunisia Algeria and Jordan kept having
Tunisia Algeria and Jordan kept having economic growth well from 1910 on Egypt
economic growth well from 1910 on Egypt
economic growth well from 1910 on Egypt did not develop any growth and was
did not develop any growth and was
did not develop any growth and was stagnating now if we expect a similar
stagnating now if we expect a similar
stagnating now if we expect a similar growth for Greece that would be
growth for Greece that would be
growth for Greece that would be absolutely devastating increase would
absolutely devastating increase would
absolutely devastating increase would soon be completely disconnected from all
soon be completely disconnected from all
soon be completely disconnected from all other European economies the question
other European economies the question
other European economies the question though is is there a way that we can
though is is there a way that we can
though is is there a way that we can connect this development to the
connect this development to the
connect this development to the austerity policies or is this just a
austerity policies or is this just a
austerity policies or is this just a coincidence let’s say 70 years of bad
coincidence let’s say 70 years of bad
coincidence let’s say 70 years of bad weather in Egypt we don’t know austerity
weather in Egypt we don’t know austerity
weather in Egypt we don’t know austerity means cutting but on government spending
means cutting but on government spending
means cutting but on government spending in infrastructure in education and by
in infrastructure in education and by
in infrastructure in education and by lowering direct government consumption
lowering direct government consumption
lowering direct government consumption always has a direct impact on GDP
always has a direct impact on GDP
always has a direct impact on GDP furthermore there’s this other thing
furthermore there’s this other thing
furthermore there’s this other thing that comes with cutting back that the
that comes with cutting back that the
that comes with cutting back that the money that we put into infrastructure
money that we put into infrastructure
money that we put into infrastructure and maintaining our streets and railways
and maintaining our streets and railways
and maintaining our streets and railways as well as education imagine for a
as well as education imagine for a
as well as education imagine for a second you’re a European investor a
second you’re a European investor a
second you’re a European investor a businessman and you want to start a new
businessman and you want to start a new
businessman and you want to start a new business or or widen your business to
business or or widen your business to
business or or widen your business to the Arab world you don’t have any
the Arab world you don’t have any
the Arab world you don’t have any affiliation to any country there you
affiliation to any country there you
affiliation to any country there you don’t speak any Arabic dialect so you
don’t speak any Arabic dialect so you
don’t speak any Arabic dialect so you don’t really mind we’re going where to
don’t really mind we’re going where to
don’t really mind we’re going where to go now you can go to Tunisia or you can
go now you can go to Tunisia or you can
go now you can go to Tunisia or you can go to Egypt however if in 1930 let’s say
go to Egypt however if in 1930 let’s say
go to Egypt however if in 1930 let’s say you’d go to Egypt you’d have an
you’d go to Egypt you’d have an
you’d go to Egypt you’d have an infrastructure that is bad and would
infrastructure that is bad and would
infrastructure that is bad and would make it impossible or hard for you to
make it impossible or hard for you to
make it impossible or hard for you to produce and transport your goods you’d
produce and transport your goods you’d
produce and transport your goods you’d have people that are not especially
have people that are not especially
have people that are not especially well-educated and finally you’d have a
well-educated and finally you’d have a
well-educated and finally you’d have a country where there’s higher taxes
country where there’s higher taxes
country where there’s higher taxes because they’re still paying money back
because they’re still paying money back
because they’re still paying money back to the Europeans indeed until 1956
to the Europeans indeed until 1956
to the Europeans indeed until 1956 Egypt was doing that so the decision
Egypt was doing that so the decision
Egypt was doing that so the decision that such an investor would make is
that such an investor would make is
that such an investor would make is obvious and indeed that leads to like a
obvious and indeed that leads to like a
obvious and indeed that leads to like a vicious cycle
vicious cycle
vicious cycle which means that all the direct
which means that all the direct
which means that all the direct investment foreign direct investment
investment foreign direct investment
investment foreign direct investment would go to the countries around it and
would go to the countries around it and
would go to the countries around it and Egypt would get more and more
Egypt would get more and more
Egypt would get more and more disconnected in Greece can we expect a
disconnected in Greece can we expect a
disconnected in Greece can we expect a similar kind of development in Greece
similar kind of development in Greece
similar kind of development in Greece well one might say that collecting some
well one might say that collecting some
well one might say that collecting some more Texas there won’t actually destroy
more Texas there won’t actually destroy
more Texas there won’t actually destroy the economy and that’s true but other
the economy and that’s true but other
the economy and that’s true but other parts of those both of those austerity
parts of those both of those austerity
parts of those both of those austerity packages that were introduced in Greece
packages that were introduced in Greece
packages that were introduced in Greece well I would suggest definitely can
well I would suggest definitely can
well I would suggest definitely can destroy the economy infrastructure we’ve
destroy the economy infrastructure we’ve
destroy the economy infrastructure we’ve already mentioned but something that is
already mentioned but something that is
already mentioned but something that is even more dangerous for an economy and
even more dangerous for an economy and
even more dangerous for an economy and something that affects me personally
something that affects me personally
something that affects me personally when I think about it is education not
when I think about it is education not
when I think about it is education not many people actually know this but the
many people actually know this but the
many people actually know this but the University of Athens had to fire 25
University of Athens had to fire 25
University of Athens had to fire 25 percent of their staff during the
percent of their staff during the
percent of their staff during the austerity due to austerity measures 25
austerity due to austerity measures 25
austerity due to austerity measures 25 percent of their staff that means one in
percent of their staff that means one in
percent of their staff that means one in four classes is no longer helped that
four classes is no longer helped that
four classes is no longer helped that means one in four students can no longer
means one in four students can no longer
means one in four students can no longer actually pursue their degree might have
actually pursue their degree might have
actually pursue their degree might have to wait a semester or two that is a year
to wait a semester or two that is a year
to wait a semester or two that is a year that they won’t spend in the workforce
that they won’t spend in the workforce
that they won’t spend in the workforce working force paying taxes even worse
working force paying taxes even worse
working force paying taxes even worse many Greek student just left the country
many Greek student just left the country
many Greek student just left the country because if there’s no classes to be held
because if there’s no classes to be held
because if there’s no classes to be held if you can’t pursue your degree if you
if you can’t pursue your degree if you
if you can’t pursue your degree if you can’t do what you want to do you’ll go
can’t do what you want to do you’ll go
can’t do what you want to do you’ll go somewhere else right now those people
somewhere else right now those people
somewhere else right now those people will study in France or in Germany or in
will study in France or in Germany or in
will study in France or in Germany or in England for a couple of years but
England for a couple of years but
England for a couple of years but there’s a good chance that they will
there’s a good chance that they will
there’s a good chance that they will never return to Greece so the country of
never return to Greece so the country of
never return to Greece so the country of the great thinkers in maybe 20 30 40
the great thinkers in maybe 20 30 40
the great thinkers in maybe 20 30 40 years will be lacking exactly that the
years will be lacking exactly that the
years will be lacking exactly that the educational elite now if all of this is
educational elite now if all of this is
educational elite now if all of this is actually known if we just have to read
actually known if we just have to read
actually known if we just have to read in the history books to find this then
in the history books to find this then
in the history books to find this then why is Greece still running around with
why is Greece still running around with
why is Greece still running around with nothing but a paper heads in the rain to
nothing but a paper heads in the rain to
nothing but a paper heads in the rain to keep itself dry why is do we still
keep itself dry why is do we still
keep itself dry why is do we still impose this austerity on the Greece
impose this austerity on the Greece
impose this austerity on the Greece speak on the Greek people Charlemagne
speak on the Greek people Charlemagne
speak on the Greek people Charlemagne the great emperor of the Romans once
the great emperor of the Romans once
the great emperor of the Romans once said to speak another language is to
said to speak another language is to
said to speak another language is to possess another soul while doing my
possess another soul while doing my
possess another soul while doing my research on this topic I realized that
research on this topic I realized that
research on this topic I realized that there was certain countries that always
there was certain countries that always
there was certain countries that always kept pushing for these austerity
kept pushing for these austerity
kept pushing for these austerity measures where others were indifferent
measures where others were indifferent
measures where others were indifferent sometimes suggested something else but
sometimes suggested something else but
sometimes suggested something else but usually just went with it those
usually just went with it those
usually just went with it those countries were Germany Austria the
countries were Germany Austria the
countries were Germany Austria the Netherlands Sweden
Netherlands Sweden
Netherlands Sweden now interestingly there’s one thing that
now interestingly there’s one thing that
now interestingly there’s one thing that exists in all those four countries which
exists in all those four countries which
exists in all those four countries which effects which concerns their language
the term that translated to German and
the term that translated to German and to Dutch and it’s very similar in
to Dutch and it’s very similar in
to Dutch and it’s very similar in Swedish gives you the word should now if
Swedish gives you the word should now if
Swedish gives you the word should now if you go on Google Translate and you put
you go on Google Translate and you put
you go on Google Translate and you put in the word guilt it will also give you
in the word guilt it will also give you
in the word guilt it will also give you the word salt in German because there is
the word salt in German because there is
the word salt in German because there is no distinction between those two those
no distinction between those two those
no distinction between those two those two terms every Sunday millions of
two terms every Sunday millions of
two terms every Sunday millions of Germans go to church where they pray
Germans go to church where they pray
Germans go to church where they pray give us this day our daily bread and
forgive us our trespasses
forgive us our trespasses now Martin Luther when he translated the
now Martin Luther when he translated the
now Martin Luther when he translated the Bible to German from Latin he translated
Bible to German from Latin he translated
Bible to German from Latin he translated the term trespass as shoult
language defines the way we think how
language defines the way we think how does it do that let’s do a quick
does it do that let’s do a quick
does it do that let’s do a quick experiment here could you all just
experiment here could you all just
experiment here could you all just spontaneously point southeast please
spontaneously point southeast please
spontaneously point southeast please give it a go I want to see some more
give it a go I want to see some more
give it a go I want to see some more hands thank you interesting the person
hands thank you interesting the person
hands thank you interesting the person that was pointing to the ceiling back
that was pointing to the ceiling back
that was pointing to the ceiling back there I want to have a talk to you later
there I want to have a talk to you later
there I want to have a talk to you later that’s interesting lay aboard it’s key
that’s interesting lay aboard it’s key
that’s interesting lay aboard it’s key that the exact same thing with a group
that the exact same thing with a group
that the exact same thing with a group of professors in a room and let’s say
of professors in a room and let’s say
of professors in a room and let’s say well they messed up just like we just
well they messed up just like we just
well they messed up just like we just did however then she did the same thing
did however then she did the same thing
did however then she did the same thing again with a group of five year old
again with a group of five year old
again with a group of five year old girls in northeastern Australia and
girls in northeastern Australia and
girls in northeastern Australia and those kids always got it right no matter
those kids always got it right no matter
those kids always got it right no matter at what time of the day no matter if
at what time of the day no matter if
at what time of the day no matter if they knew the room they were in they
they knew the room they were in they
they knew the room they were in they always got it right now why is that
always got it right now why is that
always got it right now why is that those kids were from a native Australian
those kids were from a native Australian
those kids were from a native Australian tribe and forgive me the pronunciation
tribe and forgive me the pronunciation
tribe and forgive me the pronunciation if somebody is expert in the field
if somebody is expert in the field
if somebody is expert in the field please teach me later this tribe is
please teach me later this tribe is
please teach me later this tribe is called the
called the
called the guru in Madeira I think and in their
guru in Madeira I think and in their
guru in Madeira I think and in their language they don’t have terms like
language they don’t have terms like
language they don’t have terms like rites left in front or behind but
rites left in front or behind but
rites left in front or behind but instead they use south north west so on
instead they use south north west so on
instead they use south north west so on so when I want to talk to you in that
so when I want to talk to you in that
so when I want to talk to you in that language and I’m Eli can you move in I
language and I’m Eli can you move in I
language and I’m Eli can you move in I want to squeeze into the Karbala can you
want to squeeze into the Karbala can you
want to squeeze into the Karbala can you move southeast I got a squeeze in here
move southeast I got a squeeze in here
move southeast I got a squeeze in here or oh I left the keys in your room there
or oh I left the keys in your room there
or oh I left the keys in your room there on the north end of the table this way
on the north end of the table this way
on the north end of the table this way the Guru a meteor generally conceived
the Guru a meteor generally conceived
the Guru a meteor generally conceived the world in a different way because
the world in a different way because
the world in a different way because their language works in that way so
their language works in that way so
their language works in that way so cognitively when they have to process
cognitively when they have to process
cognitively when they have to process information they will process it in a
information they will process it in a
information they will process it in a way that is very different to how we do
way that is very different to how we do
way that is very different to how we do it in the same way for a German to think
it in the same way for a German to think
it in the same way for a German to think about financial debt always has this
about financial debt always has this
about financial debt always has this connotation this idea that somebody who
connotation this idea that somebody who
connotation this idea that somebody who is lent money which is a normal
is lent money which is a normal
is lent money which is a normal financial transaction to anyone else
financial transaction to anyone else
financial transaction to anyone else somehow is a little bit guilty there’s
somehow is a little bit guilty there’s
somehow is a little bit guilty there’s something shady about it
something shady about it
something shady about it now very practically imagine a German
now very practically imagine a German
now very practically imagine a German politician leaving a meeting where they
politician leaving a meeting where they
politician leaving a meeting where they were talking about the option of maybe
were talking about the option of maybe
were talking about the option of maybe allowing a debt cut to the Greek
allowing a debt cut to the Greek
allowing a debt cut to the Greek government he will have to stand in
government he will have to stand in
government he will have to stand in front of the cameras and be like umm
front of the cameras and be like umm
front of the cameras and be like umm yeah we know they were trespassing
yeah we know they were trespassing
yeah we know they were trespassing they’re kind of bad people but we’re
they’re kind of bad people but we’re
they’re kind of bad people but we’re gonna let him get away with it you know
gonna let him get away with it you know
gonna let him get away with it you know that’s just how it is this kind of
that’s just how it is this kind of
that’s just how it is this kind of arguing for the well-being of the
arguing for the well-being of the
arguing for the well-being of the perpetrator has never been very popular
perpetrator has never been very popular
perpetrator has never been very popular in democracy so for in the German
in democracy so for in the German
in democracy so for in the German politics and it’s similar in the other
politics and it’s similar in the other
politics and it’s similar in the other countries I mentioned earlier there’s no
countries I mentioned earlier there’s no
countries I mentioned earlier there’s no real alternative policy because in the
real alternative policy because in the
real alternative policy because in the way that people see this situation
way that people see this situation
way that people see this situation there’s no way that they would think
there’s no way that they would think
there’s no way that they would think about yeah maybe austerity is not the
about yeah maybe austerity is not the
about yeah maybe austerity is not the only way maybe there is another way to
only way maybe there is another way to
only way maybe there is another way to get the Greek government better
get the Greek government better
get the Greek government better organised get them to impose taxes more
organised get them to impose taxes more
organised get them to impose taxes more strictly but at the same time get their
strictly but at the same time get their
strictly but at the same time get their got the economy to grow again give
got the economy to grow again give
got the economy to grow again give people chances I just argued that it’s
people chances I just argued that it’s
people chances I just argued that it’s not economic preferences or Germany
not economic preferences or Germany
not economic preferences or Germany especially needing that money from
especially needing that money from
especially needing that money from but just that language barrier the way
but just that language barrier the way
but just that language barrier the way that we think that is imposed austerity
that we think that is imposed austerity
that we think that is imposed austerity on to the Greek people this also
on to the Greek people this also
on to the Greek people this also explains why does indeed Germany Austria
explains why does indeed Germany Austria
explains why does indeed Germany Austria Sweden and the Netherlands that have
Sweden and the Netherlands that have
Sweden and the Netherlands that have always been pushing for this policy but
always been pushing for this policy but
always been pushing for this policy but then we need to think about what this
then we need to think about what this
then we need to think about what this leads us to well what I want people to
leads us to well what I want people to
leads us to well what I want people to take from this and that’s maybe a dream
take from this and that’s maybe a dream
take from this and that’s maybe a dream but it would be so nice if just like the
but it would be so nice if just like the
but it would be so nice if just like the great German linguists the great
great German linguists the great
great German linguists the great professors of the German language could
professors of the German language could
professors of the German language could sit together somewhere I don’t mean I
sit together somewhere I don’t mean I
sit together somewhere I don’t mean I don’t mind it can be a conference maybe
don’t mind it can be a conference maybe
don’t mind it can be a conference maybe just over a beer and a bar somewhere and
just over a beer and a bar somewhere and
just over a beer and a bar somewhere and just kind of find a new term to finally
just kind of find a new term to finally
just kind of find a new term to finally put an end to the unhealthy
put an end to the unhealthy
put an end to the unhealthy intermingling of economics morals
intermingling of economics morals
intermingling of economics morals religion and finance because those
religion and finance because those
religion and finance because those things just don’t have anything to do
things just don’t have anything to do
things just don’t have anything to do with each other and they shouldn’t
with each other and they shouldn’t
with each other and they shouldn’t furthermore we’ve seen today that it
furthermore we’ve seen today that it
furthermore we’ve seen today that it doesn’t necessarily mean need economists
doesn’t necessarily mean need economists
doesn’t necessarily mean need economists to interpret economic studies models or
to interpret economic studies models or
to interpret economic studies models or theories to understand that maybe
theories to understand that maybe
theories to understand that maybe austerity is not the best way to go
austerity is not the best way to go
austerity is not the best way to go maybe there’s another way that will help
maybe there’s another way that will help
maybe there’s another way that will help the Greek economy get back on its feet
the Greek economy get back on its feet
the Greek economy get back on its feet indeed history has a story to tell us
indeed history has a story to tell us
indeed history has a story to tell us and that story is that yes indeed if we
and that story is that yes indeed if we
and that story is that yes indeed if we look to the Middle East we see it
look to the Middle East we see it
look to the Middle East we see it austerity has failed failed us before
austerity has failed failed us before
austerity has failed failed us before the question that the following years
the question that the following years
the question that the following years does have to show us or answer to us
does have to show us or answer to us
does have to show us or answer to us give an answer to is if our policymakers
give an answer to is if our policymakers
give an answer to is if our policymakers will finally be able to listen to that
will finally be able to listen to that
will finally be able to listen to that language to the voice of history and
language to the voice of history and
language to the voice of history and overcome the language barrier especially
overcome the language barrier especially
overcome the language barrier especially in those German or foreign countries
in those German or foreign countries
in those German or foreign countries because it has a strong message to tell
because it has a strong message to tell
because it has a strong message to tell us that is when it comes to a debt
us that is when it comes to a debt
us that is when it comes to a debt crisis austerity is like a paper
crisis austerity is like a paper
crisis austerity is like a paper to keep you dry from the rain it simply
to keep you dry from the rain it simply
to keep you dry from the rain it simply doesn’t do the job thank you very much
doesn’t do the job thank you very much
doesn’t do the job thank you very much [Applause]
”
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