July 7th, 2015

A Corpse Can’t Carry Out Reform in Greece. Here’s What Can.

Economics & Politics

QUITO — The Greek crisis is a tragedy for the country and a danger for the world economy. Germany is demanding that Greece continue to service its debts in full, even though Greece is clearly broke and the International Monetary Fund has noted the need for debt relief. The collision of reality (Greece’s insolvency) with politics (Germany’s demands) was bound to create a disaster. And, indeed, it has: the shocking collapse last week of the Greek banking system.

Read the full article at The Huffington Post or download the PDF here.

 

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