“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. “
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