The European Union and the IMF have the money and the ability to engineer a recovery based on counter-cyclical policies in Greece as well as the Baltic states. If it involves a debt restructuring -- or even a haircut for the bondholders -- so be it. No government should accept policies that tell them they must bleed their economy for an indeterminate time before it can recover.
From Athens, Greece: Opinions and web links I find interesting about politics, science, life, and anything else that strikes my fancy. Feedback and comments: send to mihalisATgmail.com
Friday, April 30, 2010
Mark Weisbrot, Greece: Who Needs"Success Estonian Style"
Mark Weisbrot, "Greece: Who Needs 'Success Estonian Style'"
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