Sachs, Jeffrey, (2015), “Germany, Greece, and the Future of Europe”, Project Syndicate, 20 July
I have been helping countries to overcome financial crises for 30 years, and have studied the economic crises of the twentieth century as background to my advisory work. In all crises, there is an inherent imbalance of power between creditor and debtor. Successful crisis management therefore depends on the creditor’s wisdom. In this regard, I strongly urge Germany to rethink its approach to Greece.
Relevant Posts
- Boehnke, Olaf, (2015), “Greece and Germany’s game of chicken”, European Council on Foreign Relations Commentary, 17 July
- Funk Kirkegaard, Jacob, (2015), “Germany and Greece: In Victory, Magnanimity?”, Real Time Economic Issues Watch, Peterson Institute for International Economics, 14 July