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Showing posts with label Structural measures. Show all posts
Showing posts with label Structural measures. Show all posts

Tuesday, 29 April 2014

Titus Maccius Plautus and the EU Troika

The Roman comic playwright Titus Maccius Plautus takes up an old adage of Greek origin when he writes in his Bacchides: "Quem di diligent, adolescens moritur", which translated into English sounds: "Whom the gods love die young". This is of course a paradox: the empirical proof that gods do not make a favour to those they love by making them die young is the fact that large shares of national income are devoted to maintaining or regaining health, in view of a long life. But, taking the same paradoxical line as Plautus, I am tempted to say: "Happy the countries that had the troika!"