Monday, 26 January 2015

Greece

Greece will have a new government elected on a platform of anti-austerity.

Now let us get its straight as Kruggers shows Greece has certainly done a lot to improve its budgetary position.
However as Tony Yates shows it cannot go alone.
The problem in Europe is that the new Government are not all that radical.It is the Germans who are very radical and very wrong.

The BIG problem is Europe is that the Germans , like the bourbons, have learnt nothing about their failures. Until the Germans stop living in their delusions and understand what is occurring in the real world Greece ( and Europe) will continue to idle.

Update
Simon Wren-Lewis  makes, as usual, some sensible suggestions.