Janet Allon — Paul Krugman: What Happens When the West Imposes Endless Crippling Austerity on a Country

Krugman: Don’t be taken in by claims that troika officials are just technocrats explaining to the ignorant Greeks what must be done. These supposed technocrats are in fact fantasists who have disregarded everything we know about macroeconomics, and have been wrong every step of the way. This isn’t about analysis, it’s about power — the power of the creditors to pull the plug on the Greek economy, which persists as long as euro exit is considered unthinkable.

So it’s time to put an end to this unthinkability.

AlterNet
Paul Krugman: What Happens When the West Imposes Endless Crippling Austerity on a Country

Janet Allon