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Thursday, June 5, 2014

Philippe Legrain lays the blame for the disastrous outcome of the European Parliament election at Germany's feet. - Project Syndicate

Philippe Legrain lays the blame for the disastrous outcome of the European Parliament election at Germany's feet. - Project Syndicate



"Greeks have been forced to accept brutal austerity measures in order to continue to service an unbearable debt burden, thereby limiting losses for French and German banks and for eurozone taxpayers whose loans to Greece bailed out those banks."





Hm, indeed. This is an oft mentioned argument. There is a big hole in it though 

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