Saturday
Jul112015
Germany won’t spare Greek pain – it has an interest in breaking us
Saturday, July 11, 2015 at 06:26PM
Greece’s financial drama has dominated the headlines for five years for one reason: the stubborn refusal of our creditors to offer essential debt relief. Why, against common sense, against the IMF’s verdict and against the everyday practices of bankers facing stressed debtors, do they resist a debt restructure? The answer cannot be found in economics because it resides deep in Europe’s labyrinthine politics.
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