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2012-02-07

Krugman: We’re now looking at a scenario in which Greece is forced into killing levels of austerity to pay its foreign creditors, with no real light at the end of the tunnel

How much is the troika demanding from Greece? 
How tight is the squeeze?

Here’s a look based on the most recent IMF report
 

We’re now looking at a scenario in which Greece is forced into killing levels of austerity to pay its foreign creditors, with no real light at the end of the tunnel.
 

Paul Krugman, 6 February 2012

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