Tag Archives: Greek austerity

Michael Keating. Greece’s Predicament

The front page news story for weeks now has been what is happening to Greece and what will happen. The markets, the various authorities and the media all treat Greece’s predicament as if it were solely a matter of excessive … Continue reading

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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, … Continue reading

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