The daily Astorian. (Astoria, Or.) 1961-current, July 07, 2015, Image 4

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

    OPINION
4A
THE DAILY ASTORIAN • TUESDAY, JULY 7, 2015
Seattle on the Mediterranean
Founded in 1873
STEPHEN A. FORRESTER, Editor & Publisher
LAURA SELLERS, Managing Editor
BETTY SMITH, Advertising Manager
CARL EARL, Systems Manager
JOHN D. BRUIJN, Production Manager
DEBRA BLOOM, Business Manager
HEATHER RAMSDELL, Circulation Manager
+HFWLFZHHNHQGKLJKOLJKWV
VWUDLQVRISRSXODULW\
I
Our area needs help dealing
with summer congestion
ndependence Day has always been hectic in the seashore towns of the
3DFL¿F1RUWKZHVWEXWWKLVSDVWZHHNHQGZDVPHPRUDEOHIRUH[WUDRU-
GLQDU\FURZGVH\HSRSSLQJWUDI¿FDQGPRVWO\PDQDJHDEOHGLVRUGHU
On the positive side of the
FRVWEHQH¿W HTXDWLRQ WKH ORQJ KROL-
GD\ UHFKDUJHG ORFDO EDQN DFFRXQWV
JHQHUDWHGIDWWLSVIRUUHVWDXUDQWVHUY-
HUV DQG SURYLGHG PXFK HQWKXVLDVWLF
HQHUJ\ WKDW UHYHUEHUDWHG DORQJ 86
+LJKZD\ DQG &ROXPELD3DFL¿F
EHDFKHV 7KH )RXUWK RI -XO\ LV VXS-
SRVHGWREHDFHOHEUDWLRQDQGRXUDUHD
SOD\HGKRVWWRDJLDQWSDUW\WKDWHQGHG
KDSSLO\ IRU WKH YDVW PDMRULW\ RI DW-
WHQGHHVDQGKRVWV
It is a party with an open-ended
LQYLWDWLRQWRPLOOLRQVZKROLYHDORQJ
WKHFURZGHGDQGVZHOWHULQJ,QWHUVWDWH
FRUULGRU7KLVSUHVHQWVVSHFLDOFKDO-
OHQJHVIRUFRPPXQLWLHVWKDWDUHIXQ-
GDPHQWDOO\EXLOWWRVHUYHD\HDUURXQG
SRSXODWLRQRIDERXWLQ&ODWVRS
DQG3DFL¿FFRXQWLHV:LWKWKHQRWDEOH
H[FHSWLRQRIQDWLRQDODQGVWDWHSDUNV
WKDW DUH PDLQWDLQHG ZLWK YLVLWRUV LQ
PLQG LQIUDVWUXFWXUH LV EXLOW WR VHUYH
WKH SHUPDQHQW SRSXODWLRQ &HUWDLQO\
DFRQVLGHUDEOHFXVKLRQKDVEHHQDGG-
HGWRWKHSRZHUJULGZDWHUDQGVHZHU
XWLOLWLHVDQGPDMRUKLJKZD\V%XWWKLV
FXVKLRQ¶V OLPLWV DUH EHLQJ VHULRXVO\
WHVWHGE\WHQVRIWKRXVDQGVRIWRXULVWV
DUULYLQJLQLQFUHDVLQJQXPEHUVLQWKH
SDVWFRXSOH\HDUV
,Q &ODWVRS &RXQW\ D WUDQVIRUPHU
VXEVWDWLRQLQ6HDVLGHIDLOHGDWDQDZ-
IXOWLPH²ODWHDIWHUQRRQXQWLO
SPRQWKHWK5HVLGHQWVGHDOZLWK
SRZHU RXWDJHV LQ IDU ZRUVH FLUFXP-
VWDQFHVVXFKDVUDJLQJZLQWHUVWRUPV
EXWORVVRIHOHFWULFLW\RQ-XO\ZDVD
ORJLVWLFDODQGHFRQRPLFSDLQ
,Q :DVKLQJWRQ¶V 3DFL¿F &RXQW\
FRQÀLFWLQJPHVVDJHVDERXW¿UHZRUNV
DQGFDPS¿UHV²SDUWLFXODUO\ZLWKLQ
WKH FLW\ RI /RQJ %HDFK ² VHW XS D
VFHQDULRWKDWFRXOGKDYHEHHQGLVDV-
W
O
KWKHFHDVHOHVV6HDWWOHVXQ-XQH
MXVW VHW DQRWKHU UHFRUG ² WKH
KRWWHVWHYHUUHFRUGHGLQWKLVFLW\FORV-
LQJRXWWKHZDUPHVWILUVWKDOIRID\HDU
6HDWWOHLVIDUWKHUQRUWKWKDQ0DLQHDQG
0RQWUHDODQG\HWRYHUWKHSDVWPRQWKRU
VRLW¶VEHHQKRWWHUKHUHWKDQLQ$WKHQV
5RPHRU/RV$QJHOHVRQPDQ\DGD\
:HKDGHLJKWGD\VDWGHJUHHVRU
KLJKHULQ-XQH2Q6XQGD\HDVWRIWKH
&DVFDGH0RXQWDLQVLWKLWGHJUHHV
LQ:DOOD:DOOD
/RQGRQ DQG 3DULV WZR FLWLHV ZLWK
D FOLPDWH VLPLODU WR 6HDWWOH¶V ERWK VHW
KHDWUHFRUGVWKLVZHHN²WKHKRWWHVW
-XO\GD\LQ%ULWLVKKLVWRU\DQGLQ
WKH&LW\RI/LJKW
$V D QDWLYH 6HDWWOHLWH ,¶YH DOZD\V
ZRQGHUHGZKDWLWZRXOGEHOLNHWROLYHLQ
DSODFHZKHUHLW¶VVXQQ\HYHU\GD\1RZ
WKDW,¶PH[SHULHQFLQJVRPHWKLQJFORVHWR
WKDW,IHHORXWRI
VRUWVLQDVWUDQJH
ODQG :LOG¿UHV
EXUQWRGD\LQWKH
2O\PSLF 0RXQ-
tains west of
6HDWWOH D IRUHVW
]RQH WKDW LV W\S-
ically one of the
rainiest places on
HDUWK
6XUH
P\
Timothy
EDFN\DUGJUDSHV
Egan
P\WRPDWRHVP\
0H\HU OHPRQV
DQGP\URVHPDU\SODQWVORYHLW7KLVLV
6LFLO\LQ6HDWWOHZLWKQHDUO\KRXUV
RIGD\OLJKW-XQHNQRZQIRULWVFORXG\
JORRP ZDV ³SUREDEO\ WKH VXQQLHVW
PRQWK LQ 1RUWKZHVW KLVWRU\´ ZURWH
8QLYHUVLW\RI:DVKLQJWRQDWPRVSKHULF
VFLHQWLVW&OLII0DVVRQKLVZHDWKHUEORJ
7KH H[SHUWV 0DVV DPRQJ WKHP
GRQRWWKLQNWKHEURLOLQJRIWKH3DFL¿F
1RUWKZHVWFDQEHDWWULEXWHGWRFOLPDWH
FKDQJH5DWKHUWKH\FUHGLWDKXJHGRPH
RIKLJKSUHVVXUHWRWKHZHVWDQGZDUP
RFHDQ WHPSHUDWXUHV %XW WKH\ VD\ WKDW
ZKDWZH¶YHH[SHULHQFHGRYHUWKHSDVW
PRQWKVLVDQLQGLFDWLRQRIZKDWWKLV
SDUWRIWKHZRUOGZLOOEHOLNHDIWHUWKH
(DUWKKDVZDUPHGE\VHYHUDOGHJUHHV
6RZKDW¶VQRWWROLNH"
)RU VWDUWHUV EURZQ GRHV QRW ¿W DQ
HPHUDOGFLW\1RWMXVWHYHU\KRPHRZQ-
HU¶VODZQQRZWKHFRORURIDEDNHGSR-
WDWREXWDOSLQHPHDGRZV¿HOGVDQGGH-
FLGXRXVWUHHVWKDWKDYHJLYHQXSIRUWKH
\HDUVKHGGLQJSRWDWRFKLSFULVSOHDYHV
DVLILWZHUH2FWREHU
$VDQ\RQHLQ&DOLIRUQLDFRXOGVD\
JHWXVHGWRLW2UJHWDIDNHODZQ2U
AP Photo/Ted S. Warren
Kevin Pinnell, second from right, shows that people in Seattle don’t
just need umbrellas during the rainy season as he stands under his
for shade from the sun while selling balloon creations to visitors to
the Space Needle in Seattle July 1. From Seattle to Salt Lake City, the
West is baking under record heat.
JURZ FDFWXV SODQWV 6XPPHUV LQ WKH FKDLUVWKH6HQDWHFRPPLWWHHLQFKDUJH
1RUWKZHVW DUH XVXDOO\ GU\ PLOG DQG RI GRLQJ VRPHWKLQJ DERXW FOLPDWH
KXPLGLW\IUHH²WKLVLVMXVWDQH[WUHPH FKDQJH $V VXFK KH¶V GHWHUPLQHG WR
YHUVLRQ6WRSFRPSODLQLQJ
SUHYHQWWKHZRUOG¶VVHFRQGELJJHVWSUR-
,QWKHZLWKHULQJKHDW,FDQVWLOOORRN GXFHURIFDUERQGLR[LGH²WKH8QLWHG
VRXWK DQG VHH WKH JODFLHUV RI 0RXQW 6WDWHV²IURPGRLQJDQ\WKLQJ
5DLQLHU KROGLQJ WKH IUR]HQ OHJDF\ RI
,QKRIH LV IDPRXV IRU EULQJLQJ D
ZLQWHUV ORQJ SDVW :DWHU DV VQRZ RU VQRZEDOO WR WKH ÀRRU RI WKH 6HQDWH WR
LFHLVQRWMXVWWKHPDVWHUDUFKLWHFWRIWKH SURYHKLVSRLQW:KDWKHSURYHGLVWKDW
1RUWKZHVWEXWWKHPDLQUHDVRQWKHLV- WKHUHDUH/DEUDGRUVZLWKPRUHFRPPRQ
ODQGVWKHPRXQWDLQVWKHIRUHVWVRIWKLV VHQVHWKDQDVHQDWRUZLWKDSHDQXWIRU
DEUDLQ
SODFHDUHVREHDXWLIXO
$WWKHRWKHUHQGRIWKHVSHFWUXPLV
7DNH DZD\ WKH VQRZ DQG FKDQJH
KDSSHQV TXLFNO\ 6DOPRQ QHHG FROG 3RSH )UDQFLV ,Q KLV UHFHQW HQF\FOLFDO
ZDWHU&KHUULHVDSSOHVSHDFKHVZLQH RQFOLPDWHFKDQJHKHPDGHDSOHDWR
JUDSHV ² DOO RI ZKLFK WKH 1RUWKZHVW RXU EHWWHU DQJHOV D SOHD WR WDNH ³FDUH
JURZVLQDEXQGDQFH²QHHGWKDWVQRZ- RIRXUFRPPRQKRPH´,W¶VDQLFHVHQ-
WLPHQW EXW ZLWK SHRSOH
PHOWDVZHOO,QPLG0D\
OLNH ,QKRIH JXLGLQJ 86
DVWDWHZLGHGURXJKWHPHU-
SROLF\DOWUXLVPDORQHZLOO
JHQF\ZDVGHFODUHGDIWHU
Brown
QHYHUZRUN
WKHVQRZSDFNLQWKH&DV-
QHHG WR DFW RXW
FDGHVZDVPHDVXUHGDWLWV
does not RI :H
VHOILQWHUHVW DV ZHOO
ORZHVWOHYHOLQ\HDUV
, ORYH P\ OLWWOH SDWFK RI
$KHDGZHFRXOGIDFH
fit an
WKH SODQHW /RYH WKH JOD-
PDMRUZLOG¿UHVLQSODFHV
FLHUV LQ $XJXVW WKH ULY-
ZKHUH \HDUROG WUHHV emerald
HUV DW IXOO ÀXVK FDUSHWV
are draped with tendrils of
city.
RI HYHUJUHHQ WUHHV DQG D
JUHHQ 6DOPRQVSDZQLQJ
SUHGRPLQDQWEUHH]HIURP
ULYHUV FRXOG EH VKDOORZ
3XJHW6RXQGWKDWSURYLGHV
DQGZDUPLQHDUO\IDOO²
QDWXUDODLUFRQGLWLRQLQJIRUPRUHWKDQ
OHWKDOWRWKLVUHJLRQ¶VLFRQLFV\PERO
+HUHDWOHDVWLW¶V¿VKDQGWUHHVWKDW PLOOLRQSHRSOHLQWKH6HDWWOHDUHD
:HPD\ORVHWKLV7KHFXUUHQWKHDWLV
DUH VWUHVVHG (OVHZKHUH LW¶V SHRSOH
0RUHWKDQSHRSOHGLHGLQ3DNL- DSUHFXUVRUDQHDUO\SHHNDWDVFDU\WR-
VWDQODVWPRQWKLQRQHRIWKHGHDGOLHVW PRUURZ,QKRIH¶VLJQRUDQFHFRXOGKDYH
DGLUHFWHIIHFWRQWKHSODFHZHOHDYHRXU
KHDWZDYHVLQKLVWRU\
$OORIWKLVKDVPDGHPHFXUVH6HQ JUDQGFKLOGUHQ
%HIRUHJLYLQJLQWRDIXWXUHLQZKLFK
-DPHV ,QKRIH 52NOD ZKR FDOOV WKH
JOREDO VFLHQWL¿F FRQVHQVXV RQ FOLPDWH WKH3DFL¿F1RUWKZHVWEDNHVEXUQVDQG
FKDQJH³WKHJUHDWHVWKRD[´$QGVDGO\ VKULYHOVZHKDYHWRGHIHQGWKHQDWXUDO
LWPDWWHUVZKDWKHVD\VEHFDXVH,QKRIH ZRUOG²SODFHE\SODFH
WURXV:LWKFRQGLWLRQVDOUHDG\UHVHP-
EOLQJDGU\6HSWHPEHU/RQJ%HDFK¶V
LQJUDLQHG DWWLWXGH RI OHWWLQJ WKLQJV
WDNHWKHLURZQFRXUVHRXWRQWKHEHDFK
UHTXLUHV VHULRXV UHH[DPLQDWLRQ
1HDUFKDRVZDVQ¶WFRQ¿QHGWR/RQJ
%HDFK6WDWHEHDFKHVLQERWKFRXQWLHV
DUHLQQHHGRIEHWWHUODZHQIRUFHPHQW
VWUDWHJLHVDWDOOWLPHV$WSUHGLFWDEOH
WLPHV OLNH -XO\ VWDWH JRYHUQPHQWV
PXVW VWHS XS DQG SURYLGH DGGLWLRQDO
KHOSWRORFDO¿UHDQGSROLFHSHUVRQQHO
ZKRDUHVWUHWFKHGWRWKHLUOLPLWV
,Q ERWK FRXQWLHV WULS WLPHV ZHUH
GRXEOHG DQG WULSOHG E\ WUDI¿F WKDW
UHDFKHG JULGORFN DW PXOWLSOH WLPHV
LQ QXPHURXV SODFHV /RQJ VNLQQ\
EULGJHV DQG ZLQGLQJ WZRODQH URDGV
DUH SDUW RI WKH FKDUP RI WKLV SODFH
%XW ZKDW LV VFHQLF DQG FKDUPLQJ LQ
QRUPDOFLUFXPVWDQFHVEHFRPHVIUXV-
WUDWLQJ DQG HYHQ GDQJHURXV ZKHQ
WHPSHUV EHFRPH RYHUKHDWHG DQG
HPHUJHQF\UHVSRQGHUV¿QGLWGLI¿FXOW
WRUHVSRQGWRFDOOV
7KHUHDUHQRTXLFNRULQH[SHQVLYH
¿[HV,WZLOOEHGLI¿FXOWWR¿QGIXQGV
IRUPDMRUVWHSVOLNHE\SDVVHVDURXQG
WKHFRQJHVWHGGRZQWRZQVRI$VWRULD
DQG 6HDVLGH ,Q WKH PHDQWLPH ZH
PXVW DSSO\ DGGLWLRQDO WUDQVSRUWDWLRQ
H[SHUWLVH WR WKHVH VLWXDWLRQV :RXOG
EHWWHU VLJQV KHOS D OLWWOH" &DQ ZH
VRPHKRZFRPPXQLFDWHWKHGHVLUDELO-
LW\ RI SODQQLQJ PRUH WULSV EHIRUH RU
DIWHUREYLRXVSHULRGVRIFRQJHVWLRQ"
&DQ WRZQ UHVLGHQWV VWRPDFK WHPSR-
UDU\E\SDVVHVRQDOWHUQDWHVWUHHWV"
By PAUL KRUGMAN
OHDVW D FKDQFH IRU DQ HVFDSH IURP PHQWWKDW*UHHNH[LWIURPWKHHXUR
New York Times News Service
WKLVWUDS
LVWKHEHVWRIEDGRSWLRQV
$IWHU WKH IRUFHG KLDWXV RI WKH UH-
%XW KRZ FDQ VXFK DQ HVFDSH
,PDJLQH IRU D PRPHQW WKDW
FHVVLRQWKHFRDVWFOHDUO\QHHGVKHOS
EHPDQDJHG",VWKHUHDQ\ZD\IRU
Greece
had never adopted the
XURSH
GRGJHG
D
EXOOHW
GHDOLQJ ZLWK D VXUJLQJ WLGH RI ZHO-
*UHHFHWRUHPDLQLQWKHHXUR"$QG
HXURWKDWLWKDGPHUHO\IL[HGWKH
RQ 6XQGD\ &RQIRXQGLQJ
FRPHSRSXODULW\3UHVHUYLQJRXUTXDO-
LVWKLVGHVLUDEOHLQDQ\FDVH"
YDOXHRIWKHGUDFKPDLQWHUPVRI
PDQ\SUHGLFWLRQV*UHHNYRWHUV
LW\RIOLIHUHTXLUHVVPDUWDQGSURDFWLYH
7KH PRVW LPPHGLDWH TXHVWLRQ HXURV:KDWZRXOGEDVLFHFRQRP-
VWURQJO\ VXSSRUWHG WKHLU JRY- LQYROYHV*UHHNEDQNV,QDGYDQFH LFDQDO\VLVVD\LWVKRXOGGRQRZ"
DFWLRQ
HUQPHQW¶V UHMHFWLRQ RI FUHGLWRU RI WKH UHIHUHQGXP WKH (XURSH- 7KH DQVZHU RYHUZKHOPLQJO\
DQ &HQWUDO %DQN FXW RII WKHLU DF- ZRXOG EH WKDW LW VKRXOG GHYDOXH
GHPDQGV
FHVV WR DGGLWLRQDO IXQGV KHOSLQJ ² OHW WKH GUDFKPD¶V YDOXH GURS
$QG HYHQ
to precipitate panic and force the ERWKWRHQFRXUDJHH[SRUWVDQGWR
WKH PRVW DU-
JRYHUQPHQW WR LPSRVH D EDQN EUHDN RXW RI WKH F\FOH RI GHIOD-
GHQWVXSSRUWHUV
KROLGD\ DQG FDSLWDO FRQWUROV 7KH WLRQ
2I FRXUVH *UHHFH QR ORQJHU
FHQWUDO EDQN QRZ IDFHV DQ DZN-
RI (XURSHDQ
KDV
LWV RZQ FXUUHQF\ DQG PDQ\
ZDUGFKRLFH,ILWUHVXPHVQRUPDO
XQLRQ VKRXOG
ILQDQFLQJLWZLOODVPXFKDVDGPLW DQDO\VWVXVHGWRFODLPWKDWDGRSW-
EH EUHDWKLQJ D
WKDWWKHSUHYLRXVIUHH]HZDVSROLW- LQJ WKH HXUR ZDV DQ LUUHYHUVLEOH
VLJKRIUHOLHI
LFDOEXWLILWGRHVQ¶WLWZLOOHIIHF- PRYH²DIWHUDOODQ\KLQWRIHXUR
2I FRXUVH
WLYHO\ IRUFH *UHHFH LQWR LQWURGXF- H[LW ZRXOG VHW RII GHYDVWDWLQJ
,WLVDXVHIXOTXHVWLRQ%XWLWDOVR WKDW¶V QRW WKH
EDQN UXQV DQG D ILQDQFLDO FULVLV
LQJDQHZFXUUHQF\
EHJVDTXHVWLRQWKH(DVWHUQSUHVVQHY- way the cred-
Paul
6SHFLILFDOO\ LI WKH PRQH\ %XW DW WKLV SRLQW WKDW ILQDQFLDO
Krugman
GRHVQ¶W VWDUW IORZLQJ IURP )UDQN- FULVLV KDV DOUHDG\ KDSSHQHG VR
HU DVNV :K\ GR SHRSOH VWD\ in the LWRUV ZRXOG
KDYH
\RX
VHH
IXUW WKH KHDGTXDUWHUV RI WKH FHQ- WKDWWKHELJJHVWFRVWVRIHXURH[LW
(DVWDQGQHYHUFRPH:HVW"
LW7KHLUVWRU\HFKRHGE\PDQ\LQ WUDO EDQN *UHHFH ZLOO KDYH QR KDYHEHHQSDLG:K\WKHQQRWJR
2QH ZD\ RI GH¿QLQJ $PHULFDQ WKHEXVLQHVVSUHVVLVWKDWWKHIDLO-
FKRLFH EXW WR VWDUW SD\LQJ ZDJHV IRUWKHEHQHILWV"
KLVWRU\ ZRXOG EH WKH GLYLVLRQ EH- XUHRIWKHLUDWWHPSWWREXOO\*UHHFH DQG SHQVLRQV ZLWK ,28V ZKLFK
:RXOG*UHHNH[LWIURPWKHHXUR
WZHHQWKHSHRSOHZKRZHQW:HVWDQG LQWR DFTXLHVFHQFH ZDV D WULXPSK ZLOOGHIDFWREHDSDUDOOHOFXUUHQF\ ZRUN DV ZHOO DV ,FHODQG¶V KLJKO\
VXFFHVVIXO GHYDOXD-
WKRVHZKRVKLHGDZD\IURPWKHULVN of irrationality and irresponsibility ²DQGZKLFKPLJKW
WLRQ LQ RU
VRRQ WXUQ LQWR WKH
,QWDONLQJDERXW6DQGSRLQWRUDQ\ RYHUVRXQGWHFKQRFUDWLFDGYLFH
$UJHQWLQD¶V DEDQ-
%XW
WKH
FDPSDLJQ
RI
EXOO\LQJ
QHZGUDFKPD
The most
RWKHU ZHVWHUQ WRZQ WKDW LV PDNLQJ
GRQPHQWRILWVRQH
² WKH DWWHPSW WR WHUULI\ *UHHNV
6XSSRVH RQ WKH
LW DJDLQVW WKH RGGV RQH HYHQWXDOO\ E\ FXWWLQJ RII EDQN ILQDQFLQJ DQG RWKHUKDQGWKDWWKH
peso-one-dollar
immediate
ORRNVDWWKHQHZWHFKQRORJ\WKDWDO- WKUHDWHQLQJJHQHUDOFKDRVDOOZLWK FHQWUDO EDQN GRHV
SROLF\ LQ "
question
ORZV SURIHVVLRQDOV WR EH DQ\ZKHUH WKH DOPRVW RSHQ JRDO RI SXVKLQJ UHVXPH
0D\EH QRW ² EXW
QRUPDO
consider the al-
WKH
FXUUHQW
OHIWLVW
JRYHUQPHQW
RXW
OHQGLQJ
DQG
WKH
7KRVHNLQGVRISHRSOH²PDQ\ZKR
involves
WHUQDWLYHV 8QOHVV
RI
RIILFH
²
ZDV
D
VKDPHIXO
PR-
EDQNLQJ
FULVLV
HDV-
DEDQGRQHGFRQJHVWHGSODFHVVXFKDV
Greece
receives
PHQW LQ D (XURSH WKDW FODLPV WR HV7KDW VWLOO OHDYHV
Greek
6HDWWOHRUWKH(DVW²EULQJQHZHQHU- EHOLHYHLQGHPRFUDWLFSULQFLSOHV,W
UHDOO\ PDMRU GHEW
WKHTXHVWLRQRIKRZ
J\WRVPDOOZHVWHUQWRZQV7KDWLVD ZRXOGKDYHVHWDWHUULEOHSUHFHGHQW WRUHVWRUHHFRQRPLF
UHOLHI DQG SRVVLEO\
banks.
ORWRIZKDWKDVWXUQHG$VWRULDDURXQG LI WKDW FDPSDLJQ KDG VXFFHHGHG JURZWK
HYHQ WKHQ OHDYLQJ
WKH HXUR RIIHUV WKH
In the failed ne-
7KHUH LV D :HVWHUQ HWKRV DQG LW HYHQ LI WKH FUHGLWRUV ZHUH PDNLQJ
RQO\ SODXVLEOH HV-
JRWLDWLRQV WKDW OHG
FDQ EH VHHQ KLVWRULFDOO\ :HVWHUQ VHQVH
FDSH
URXWH
IURP
LWV HQGOHVV HFR-
:KDW¶VPRUHWKH\ZHUHQ¶W7KH
XS
WR
6XQGD\¶V
UHIHUHQGXP
WKH
VWDWHVJDYHZRPHQWKHULJKWWRYRWH
WUXWK LV WKDW (XURSH¶V VHOIVW\OHG FHQWUDOVWLFNLQJSRLQWZDV*UHHFH¶V QRPLFQLJKWPDUH
DKHDGRIWKHQDWLRQ2IWKHUHODWLYHO\ WHFKQRFUDWV DUH OLNH PHGLHYDO GHPDQGIRUSHUPDQHQWGHEWUHOLHI
$QG OHW¶V EH FOHDU ,I *UHHFH
IHZZRPHQZKRDUHLPPRUWDOL]HGLQ GRFWRUV ZKR LQVLVWHG RQ EOHHGLQJ WRUHPRYHWKHFORXGKDQJLQJRYHU HQGVXSOHDYLQJWKHHXURLWZRQ¶W
6WDWXDU\+DOORIWKH86&DSLWRODOO WKHLU SDWLHQWV ² DQG ZKHQ WKHLU LWVHFRQRP\7KHWURLND²WKHLQ- PHDQWKDWWKH*UHHNVDUHEDG(X-
WUHDWPHQWPDGHWKHSDWLHQWVVLFNHU VWLWXWLRQVUHSUHVHQWLQJFUHGLWRULQ- URSHDQV *UHHFH¶V GHEW SUREOHP
DUHIURPWKH:HVW
$QRWKHUZD\RIGH¿QLQJWKHGLIIHU- GHPDQGHG HYHQ PRUH EOHHGLQJ$ WHUHVWV²UHIXVHGHYHQWKRXJKZH UHIOHFWHGLUUHVSRQVLEOHOHQGLQJDV
ZHOO DV LUUHVSRQVLEOH ERUURZLQJ
³\HV´ YRWH LQ *UHHFH ZRXOG KDYH
HQFHEHWZHHQ(DVWDQG:HVWLVWKDWWKH FRQGHPQHG WKH FRXQWU\ WR \HDUV QRZNQRZWKDWRQHPHPEHURIWKH DQG LQ DQ\ FDVH WKH *UHHNV KDYH
WURLND WKH ,QWHUQDWLRQDO 0RQHWDU\
(DVWHUQVWDWHVVWLOOORRNWR(XURSHZKLOH PRUH RI VXIIHULQJ XQGHU SROL- )XQGKDGFRQFOXGHGLQGHSHQGHQW- SDLG IRU WKHLU JRYHUQPHQW¶V VLQV
:HVWHUQ VWDWHV VXFK DV 2UHJRQ DQG FLHV WKDW KDYHQ¶W ZRUNHG DQG LQ O\ WKDW *UHHFH¶V GHEW FDQQRW EH PDQ\ WLPHV RYHU ,I WKH\ FDQ¶W
:DVKLQJWRQDUHIDUPRUHOLQNHGWR$VLD IDFW JLYHQ WKH DULWKPHWLF FDQ¶W SDLG%XWZLOOWKH\UHFRQVLGHUQRZ PDNH D JR RI (XURSH¶V FRPPRQ
*RRG OXFN WR 0U -RKQVRQ$QG ZRUN $XVWHULW\ SUREDEO\ VKULQNV WKDW WKH DWWHPSW WR GULYH WKH JRY- FXUUHQF\ LW¶V EHFDXVH WKDW FRP-
WKHQZH¶OODZDLWWKHTimes series on WKH HFRQRP\ IDVWHU WKDQ LW UHGXF- HUQLQJOHIWLVWFRDOLWLRQIURPRIILFH PRQ FXUUHQF\ RIIHUV QR UHVSLWH
IRU FRXQWULHV LQ WURXEOH 7KH LP-
HV GHEW VR WKDW DOO WKH VXIIHULQJ KDVIDLOHG"
VPDOOEXUQHGRXW(DVWHUQWRZQVWKDW VHUYHV QR SXUSRVH 7KH ODQGVOLGH
, KDYH QR LGHD ² DQG LQ DQ\ SRUWDQW WKLQJ QRZ LV WR GR ZKDW-
DUHQ¶WWXUQLQJWKHFRUQHU
YLFWRU\ RI WKH ³QR´ VLGH RIIHUV DW FDVH WKHUH LV QRZ D VWURQJ DUJX- HYHULWWDNHVWRHQGWKHEOHHGLQJ
$OODERXWWKH:HVW
IRUHDVWHUQFRQVXPSWLRQ
µ$EROGDFWRIULVN¶GH¿QHVZK\
WKH:HVWVWD\VWKH:HVW
KHQ (DVWHUQ SXEOLFDWLRQV UH-
GLVFRYHU WKH :HVW ZH RIWHQ
XVXDOO\ H[SHFW WR VHH RXU GDUN VLGH
,WLVRIWHQDGXELRXVJLIWWRKDYHWKH
DWWHQWLRQ RI D ZULWHU IURP The New
Yorker or The New York Times.
$VWRULD KDV QRWKLQJ WR FRPSODLQ
DERXW ,W KDV UHFHLYHG PRUH WKDQ LWV
VKDUHRIÀDWWHULQJDWWHQWLRQLQQDWLRQDO
PHGLD%XWPXFKRIWKHLQODQGDQGLQ-
WHUPRXQWDLQ:HVWLVEDUHO\XQGHUVWRRG
E\(DVWHUQZULWHUV
The Times KDV EHJXQ D VHULHV
FDOOHG$VVLJQPHQW W$PHULFD ,WV DX-
WKRU LV .LUN -RKQVRQ ZKR LGHQWL¿HV
KLPVHOI DV D QDWLYH ZHVWHUQHU ZKR
ZHQWDZD\DQGUHWXUQHG+HLVEDVHG
LQ6HDWWOH
-RKQVRQ¶VZHHNHQGDUWLFOHLVDERXW
6DQGSRLQW ,GDKR -RKQVRQ DVNHG
WKH TXHVWLRQ RI ZK\ SHRSOH VWD\ LQ
6DQGSRLQW +H¶V DVNHG WKH TXHVWLRQ
LQRWKHUZHVWHUQWRZQV:KDWGRHVKH
KHDU"
³7KH FRPPRQ WKUHDG RYHU DQG
RYHU"$EROGDFWRIULVN,IPRYHPHQW
ZDVWKHWLGDOVXUJHWKDW¿OOHGWKH:HVW
ZLWKKRSHIXOVWKHQWKHOD\LQJGRZQ
RIDZDJHUDIWHUWKDW²WU\LQJVRPH-
WKLQJQHZUDWKHUWKDQPRYLQJDJDLQ
² ZDV WKH LOOXVLYH IRUFH WKDW NHSW
WKHP $QG WKHQ WKH\ NHSW EHWWLQJ
WKURXJK ORVVHV DQG ORQJ RGGV WKDW
FKDVHGRWKHUVRII´
By TIMOTHY EGAN
New York Times News Service
Bringing an end to Greece’s bleeding
E