Greece should reject the Troika and default on its own terms

“It’s national debt is unpayable – why tear apart the country in a futile attempt to repay?”  (Source: New Economics Foundation)

Excellent alternative analysis of the Eurozone crisis by the New Economics Foundation.
Interesting quote from this article:

“For months, the lie has been peddled that Greeks are lazy, spendthrift, and have brought the crisis on themselves. This is xenophobic garbage. Greeks work the longest hours in Europe – half as much again, every year, as the Germans. They retire, on average, later than Germans. The Greek government spends less than the EU average, as a share of GDP. “

Advertisement