...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.
Tuesday, July 21, 2015
Economists Troll Germany, Telling It To Leave The Euro First: