Tuesday, July 21, 2015

Pot And Kettle Theatre: Euro Edition

Economists Troll Germany, Telling It To Leave The Euro First:

...Eurozone leaders resisted aiding Greece until the end of negotiations, and proposed a Greek departure at the last minute. They were only willing to assist Greece in exchange for the deepest austerity measures yet, including a fire-sale privatization of some of Greece’s state-owned assets. It is unlikely that the eurozone will have a greater political appetite to lend to Greece if the current loans-for-austerity deal breaks down. Short of additional funding and liquidity support for its banks, Greece will once again face a Grexit...
Perchance, the Germans might want to consider the debt they had forgiven before lecturing other countries on austerity measures.

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