This site is for archive purposes. Please visit www.eliamep.gr for latest updates
Go to Top

Ireland’s Lessons for Greece

Heise, Michael, (2015),  “Ireland’s Lessons for Greece”, www.project-syndicate.org, 23 Απριλίου.

Greece’s government, led by the left-wing Syriza party, is demanding a new deal from its European creditors, claiming that the bailout program provided by the “troika” (the International Monetary Fund, the European Central Bank, and the European Commission) has plunged their country into a spiral of deflation and austerity. But, while no one disputes that things have gone wrong in Greece, the argument that fiscal consolidation necessarily leads to never-ending recession is not borne out by the facts.

Σχετικές αναρτήσεις