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Why Greece is a Model of Economic Mismanagement

Yves Smith, (2012), ‘Why Greece is a Model of Economic Mismanagement’, www.economonitor.com, 21 Νοεμβρίου.

I note that we still haven’t heard from the Euro group meeting about what the exact plan is for Greece. As I said, my expectations are that a ‘deal’ will be stitched together at the last minute to ‘kick the can’ further down the road because I can’t see northern creditors having the political will to admit to their own taxpayers that real losses are inevitable at this time.