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Grexit

This tag is associated with 3 posts

The costs and benefits of Grexit

Emiliano Brancaccio and Gennaro Zezza You cannot say that between 2010 and 2014, Greece has not “done their homework” assigned by the Troika. The tax burden has grown by five percentage points of GDP, public spending has fallen by a quarter and wages have fallen by twenty percentage points. The European Commission has always maintained … Continue reading

3 Greek myths  

By Vincente Navarro Dominant economic thinking, that is, neoliberalism, constantly uses lines of argument to create moods that make its proposals –  always involving sacrifices by the masses – more tolerable and acceptable. These arguments are repeated in the mass media to the point they become the conventional wisdom. That is, the “platitudes” promoted by the … Continue reading

The German Chancellor and Grexit

By Jacques Sapir A Greek exit from the Euro, following the election on 25 January, is no longer unthinkable, Chancellor Angela Merkel admitted in the German weekly “Der Spiegel” on Saturday.  This is an important statement, which can be analyzed in two different ways, neither of which are opposed to the other. The first reading … Continue reading

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