The Eurogroup is the real villain in Greece today, not the IMF

Greece was patently insolvent. It needed a textbook debt write-off to restore viability. 

This was blocked because everybody feared a calamitous chain-reaction through Portugal, Ireland, Spain, and Italy.


Ambrose Evans-Pritchard 14 December 2016

Greece cannot be condemned to austerity for ever

Pierre Moscovici, European commissioner for economic and financial affairs, taxation and customs, 
FT 15 December 2016

Kommentarer

Populära inlägg i den här bloggen

Niklas Ekdal, bunkergängets apologet

Röd Öppning - Red Opening

Tickande bomben i Heimstaden AB