Wednesday, 17 June 2015

Greece

Greece is on the brink again.

I  do not have a lot to add to what Ashoka Mody says here.

I might add two things.
I do find it hard to have sympathy for creditors who did little due diligence on lending money and then advocated policies that meant they would not get their money back.

Another example of classical economics working again.
update:
I do not disagree with Simon Wren-Lewis