Greece didn’t fail, but the EU’s debt moralising did.

It is often said that if you owe the bank $1 million you have a problem.  But if you owe the bank $1 billion, the bank has a problem!  The EU has that sort of problem with Greece. Joseph Stiglitz, in a recent article (see link below) sets out the problems which the EU now faces. This article was originally published in AlterNet.   John Menadue

print
This entry was posted in Economy, International Affairs, Politics and tagged , , , , . Bookmark the permalink.