’Even a Complete Greek Capitulation Would be a Dead End,’ Paul Krugman says
Nobel Prize winner in the field of Economics Paul Krugman has made his opinion regarding the new Greek bailout plan public.
In a piece published in the New York Times, he condemned the additional EUR 50 B loan and the proposed austerity policies.
This goes beyond harsh into pure vindictiveness, complete destruction of national sovereignty, and no hope of relief,’’ Krugman said. ‘’It is, presumably, meant to be an offer Greece can’t accept; but even so, it’s a grotesque betrayal of everything the European project was supposed to stand for.’’
He even questioned if the European project would be able to recover from the heavy blow.
The full article is available here.
- » The Role of the Balkans in Extremism And Why Bulgaria Should be Careful
- » Can Cannabis be Grown Legally in Bulgaria?
- » 2 Reasons Why Bulgaria may not Join the Eurozone Waiting Room in July
- » 3 Scenarios for the Bulgarian Economy by 2020: Good, Bad and very Bad
- » Bulgarians Feel the Least that they are Part of the EU Compared to All Other Members
- » Eastern Europe and Bulgaria can Bring their Workers Back and Two Cities Showed How