February 20, 2012

Greece Must Default if It Wants Democracy

Wolfgang Munchau, Financial Times

AP Photo

It is one thing for creditors to interfere in the management of state policies. It is another to tell them to suspend elections or to put in policies that insulate the government from the outcome of democratic processes.

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TAGGED: Greece, Eurozone


February 7, 2012
Euro Politicians Prolong Greek Tragedy
Dalibor Rohac, National Review
However flawed Greece's economy and political system might be, it would ill-advised to hand it sole blame for the present crisis. The crisis is a consequence of the utopian overreach of those who believed that European... more ››
February 8, 2012
The Upside of Greece's Devastating Debt Crisis
Chicago Tribune
Tough as they are, the terms being offered to Greece in many ways amount to a gift: In exchange for accepting strict fiscal discipline that will help Greece to recover on a firm footing over time, much of its debt would be... more ››
February 17, 2012
There Is Only One End to Greece's Torment
Daily Telegraph
Greece requires a significant devaluation to be competitive with Germany - which can only be accomplished outside the euro. more ››
February 9, 2012
Greek Tragedy
New York Times
A stubborn standoff is playing out this week between a nearly bankrupt Greece and the wrongheaded European partners it needs to pay its bills. The outcome is, sadly, foreordained. Greece will have to give Europe all or most of... more ››
For months, European leaders have been trying to find a way out of the Greek debt crisis. But austerity is merely driving the country deeper into economic despair. Is it time for a radical rethink? Many think the answer is yes. more ››