Abstract
Greece should be bailed out because that is in the interest of her trading partners just as it is in her own. The issue is only: how. In this lecture it is explained that, in order to build industrial and commercial, in short, productive capacity, a system of tax credits and incentive taxation should be tried, since a transfer union should be avoided.
Lecture given at the University of Thessaly, Volos, Greece, 14th April 2011
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Notes
- 1.
Speaking of ancient times, I should like to point out that there is a long tradition of Norman help for the South. When Heracles got into some trouble once again, he turned to his sister, Hera, who always spun out the script for him. He had run out of script, of course. And so she advised for him to turn to Arminius up in the north for help. What exactly was the predicament, she wisely never let anybody know, as the mere appearance of Heracles next to Arminius staved off whatever problem there had been. Arminius was very much taken with Hera, her beauty and her wit, and since he was still unmarried, he asked her to be his wife and so it was. Heracles on the other hand, asked for Arminius’ sister, a full-bosomed lady with long blond hair, and her brother agreed and gave her good dairy cattle to take down to Greece. When they were almost at their destination, Heracles did exactly what later Count Gleichen did. He sent for his wife. She came and assessed the situation. She kissed the blond wife on both cheeks, kindly stroked her protruding womb and bid her welcome. The blond reached for a necklace made of Saxonian silver, which was gladly accepted. They lived in a “ménage à trois” until the end of their long lives under the Greek sun, and no evidence of deep disputes between the two women has ever been heard of. This episode suffices to explain that there are blond ladies in Greece and some dark-haired women in Germany.
References
George H (1886) Progress and poverty. Oxford University Press, New York
Hansen R (1996) Die Folgen des Methodenstreits. Duncker & Humblot, Berlin
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Backhaus, J. (2015). Why Greece Should be Bailed Out. In: Backhaus, J. (eds) Great Nations at Peril. The European Heritage in Economics and the Social Sciences, vol 17. Springer, Cham. https://doi.org/10.1007/978-3-319-10055-5_6
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