December 11, 2013

EU Crisis Isn't Down to Lazy Greeks

Mehdi Hasan, New Statesman

The Associated Press

Few historians would dispute that the astounding growth of the postwar German economy and the ascent of Germany to world economic power status wouldn’t have happened without the London Debt Agreement. So why such a different attitude now? Why the mocking, demonising and punishing of debtor countries such as Greece, Spain and Portugal? Why the pretence that debt forgiveness isn’t effective or doable or that it is without precedent?

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TAGGED: Eurozone, Greece, European Union

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