Wednesday, July 15, 2015

An Unsustainable Position

by Paul Krugman

July 15, 2015

http://krugman.blogs.nytimes.com/2015/07/15/an-unsustainable-position/?comments#permid=15496855

So Prof. Krugman's "expert" advice on how to get Greece back to economic and fiscal health is to give it access to unlimited additional funds, with no attached requirements to, for example, correct the comparatively excessive pension costs and poor tax collection effectiveness - see Steven Rattner's collumn in today's NYT.

That would be a similar position as if the US and allies had gone into the Iran nuclear negotiations with the promise to remove all sanctions - to relieve the Iranian people of the economic hardship they have caused - without any requirements on Iran to curtail its nuclear program.

Brilliant!

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