VIDEO: Greece Accepts Draconian E.U. Bailout Demands: http://feedproxy.google.com/~r/Truthdig/~3/4DJj7LDmZ1E/
The Nobel-prize winning economist and critic of austerity in Greece, Paul Krugman, said the creditors’ demands “went beyond harsh into pure vindictiveness, [leading to the] complete destruction of national sovereignty [with] no hope of relief”.
“It’s a grotesque betrayal of everything the European project was supposed to stand for,” he wrote hours before the final deal was announced.
The Guardian reports that “one financial analyst claimed the deal was worse than the 1919 Treaty of Versailles that crushed Weimar Germany with debt and paved the way for the second world war.”
The Nobel-prize winning economist and critic of austerity in Greece, Paul Krugman, said the creditors’ demands “went beyond harsh into pure vindictiveness, [leading to the] complete destruction of national sovereignty [with] no hope of relief”.
“It’s a grotesque betrayal of everything the European project was supposed to stand for,” he wrote hours before the final deal was announced.
The Guardian reports that “one financial analyst claimed the deal was worse than the 1919 Treaty of Versailles that crushed Weimar Germany with debt and paved the way for the second world war.”
posted from Bloggeroid
