July 7, 2015 by Lo
I’m not enough of an economist to judge whether acceding to the troika’s terms or bowing out of the Eurozone would be better for Greece’s people in the long run.
(And frankly, neither is anyone else.)
It seems to be that staying in is almost certainly accepting a crappy, but predictable, state of awfulness; while leaving would constitute a gamble, with possible results anywhere between relatively rapid recovery and total refeudalization into something like North Korea.
What I really do want to say, and fortunately many others, most notably Thomas Piketty, seem to be making this point is that Germany, of all countries, saying that Greece should not be granted economic assistance since that would be “rewarding bad behavior,” is really a bit much.