Greek economy approaches a black hole
In order to qualify for eurozone bailouts, the Greek government supposedly has committed itself to a specific program of deficit reductions. This commitment has been dis-honored from the outset. The...
View ArticleThe Greeks have voted: now Germany must impose her will
Greece is in economic crisis because her profligate people have created a failed political system. Throughout the period of post-military rule, Greek voters have manipulated politics in order to live...
View ArticlePIIGS confront steep price for eurozone membership
Sovereign countries that render themselves uncompetitive in world markets – as a result of low productivity, excessive price inflation and mounting internal debt – can relieve pressure by devaluing...
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