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Thursday, July 9, 2015

Wonkblog: Why one American economist believes Greeks ‘deserve better’ in their crisis

The American economist James Galbraith arrived in Athens last Friday and headed straight to the finance ministry. He found government officials bracing for defeat.In just two days, Greeks would decide in a national vote whether to accept an offer of help making their latest round of debt payments in exchange for tax hikes and other fiscal austerity measures. The finance minister, Galbraith's friend Yanis Varoufakis, was disappointed by what he saw as a weak campaign for a "no" vote and the apparent success of what the government saw as a round-the-clock campaign by Greek media to intimidate Greeks into voting "yes."Read full article


READ THE ORIGINAL POST AT feeds.washingtonpost.com