An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Monday, February 16, 2015
Greek Finance Minister, Yanis Varoufakis, pens a NYT Op-Ed hours before the EU meets to debate Greece’s fate
The EU finance ministers are only looking at the Greek debt - that in a Grexit scenario would be manageable by by the EU. However, they are vastly underestimating the armageddon that will come because of the derivative instruments based on stability of the Euro.
K thinks they cant be this stupid:
ReplyDeletehttp://krugman.blogs.nytimes.com/2015/02/16/athenae-delenda-est/?smid=tw-NytimesKrugman&seid=auto
The EU finance ministers are only looking at the Greek debt - that in a Grexit scenario would be manageable by by the EU. However, they are vastly underestimating the armageddon that will come because of the derivative instruments based on stability of the Euro.
ReplyDelete