RealClearWorld
Advertisement

May 13, 2012

A Greek Tragedy

Arianna Huffington, New York Times

AP Photo

The punitive path of austerity and relentless economic contraction is, not surprisingly, likely to lead to further stagnation in 2013 and cannot be allowed to continue. And as last week's election results show, the Greek people are not going to allow it to continue; they will instead demand change through either the ballot box or violence in the streets - or some combination of both.

Read Full Article ››

TAGGED: Greece, Eurozone

RECOMMENDED ARTICLES

May 8, 2012
Greek Crisis Will Expose Hollande
Gideon Rachman, Financial Times
Faced with a choice between supporting Greece and supporting Germany, the French are almost certain to go with supporting the Germans. more ››
May 7, 2012
Will End of Austerity Break Up Eurozone?
Patrick Smith, Fiscal Times
With the elections in France and Greece Sunday, both supercharged by debt, deficits, and economic desperation, Europe is about to take a dramatic new direction.  The eurozone is turning away from stringent austerity policies... more ››
May 14, 2012
Everyone's Bluffing, Including the Greeks
Matthew Yglesias, Moneybox
Is a Greek departure from the Eurozone imminent? The smart set in the world media seems to have decided overnight that it is, but I'm not so sure. more ››
May 14, 2012
Greece's Default Is Coming
Wolfgang Munchau, Financial Times
What would constitute an economically rational choice for Greece, given the economic and political situation? I see four options, each of which is fraught with uncertainty. The first would be the status quo: more austerity and... more ››
May 14, 2012
The European Farce
Niall Ferguson, Newsweek
With the sap rising and the governments falling, all the European powers are merrily acting in national character. more ››
|