John Menadue

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

February 9, 2015

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

http://www.bangkokpost.com/opinion/opinion/468065/greece-didn-t-fail-but-the-eu-debt-moralising-did

John Menadue

John Menadue is the Founder and Editor in Chief of Pearls and Irritations. He was formerly Secretary of the Department of Prime Minister and Cabinet under Gough Whitlam and Malcolm Fraser, Ambassador to Japan, Secretary of the Department of Immigration and CEO of Qantas.

Pearls and Irritations

John Menadue's Public Policy Journal

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

John Menadue

John Menadue is the Founder and Editor in Chief of Pearls and Irritations. He was formerly Secretary of the Department of Prime Minister and Cabinet under Gough Whitlam and Malcolm Fraser, Ambassador to Japan, Secretary of the Department of Immigration and CEO of Qantas.