Paul Krugman’s Thursday Buzzkill

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Paul-Krugman-with-Cat1Screen Shot 2015-06-25 at 12.40.10

“I’ve been staying fairly quiet on Greece, not wanting to shout Grexit in a crowded theater. But given reports from the negotiations in Brussels, something must be said — namely, what do the creditors, and in particular the IMF, think they’re doing?”

“… the creditors keep rejecting Greek proposals on the grounds that they rely too much on taxes and not enough on spending cuts. So we’re still in the business of dictating domestic policy.”

“…Talk to IMF people and they will go on about the impossibility of dealing with Syriza, their annoyance at the grandstanding, and so on. But we’re not in high school here. And right now it’s the creditors, much more than the Greeks, who keep moving the goalposts. So what is happening? Is the goal to break Syriza? Is it to force Greece into a presumably disastrous default, to encourage the others?”

“At this point it’s time to stop talking about “Graccident”; if Grexit happens it will be because the creditors, or at least the IMF, wanted it to happen.”

Breaking Greece, Paul Krugman (International New York Times blog)

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13 thoughts on “Paul Krugman’s Thursday Buzzkill

  1. mauriac

    I’ve seen commentators on t.v. explicitly call for the installation on a “technocrat” government a la Italy. democracy be damned.

    1. collynomial

      Greece actually had a technocratic government before, it was headed by Lucas Papademos, who had the packing of the majority of parliament at the time. In Italy, the technocratic government of the time was fronted by Mario Monti and received support from both the upper and lower houses of the Italian parliament, with only Lega Nord voting against.

      Democracy is one thing and the choosing of an executive branch is another thing. Any legislation put forward by the executive in both cases still had to go through parliament.

      1. mauriac

        but syriza have been elected too and it seems whoever runs Europe wants them out.is it democratic to only accept democracy when it goes your way ?

  2. Truth in the News

    Its simple try to demolish Syriza before the contagion spreads to Spain
    Portugal. Italy, Ireland and all over Europe, try and make them accept
    their terms, that their supporters will then turn on them, if that don’t work
    there there is the right wing in Greece + The Army……remember the cololnel’s
    Europe don’t have a plan B or even a plan A, it was power grab using the
    so called Euro, that even dosen’t have an army to back it up….they didn’t
    do much about the Crimea or the Ukraine did they……defending a currency
    forget it.

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