Power of Story
Send a Tweet        
- Advertisement -

Paul Krugman: Europe's Many Economic Disasters

Quicklink submitted By   Follow Me on Twitter     Message Sheila Samples     Permalink
Related Topic(s): ; ; ; ; , Add Tags

Must Read 1   Well Said 1  
View Ratings | Rate It

opednews.com

Become a Fan
  (45 fans)
From flickr.com/photos/27865228@N06/4984650777/: Paul Krugman
Paul Krugman
(Image by david_shankbone)
  Permission   Details   DMCA

What if Greece votes no? This will lead to scary, unknown terrain. Greece might well leave the euro, which would be hugely disruptive in the short run. But it will also offer Greece itself a chance for real recovery. And it will serve as a salutary shock to the complacency of Europe’s elites. Or to put it a bit differently, it’s reasonable to fear the consequences of a “no” vote, because nobody knows what would come next. But you should be even more afraid of the consequences of a “yes,” because in that case we do know what comes next — more austerity, more disasters and eventually a crisis much worse than anything we’ve seen so far.

Read the rest of the story HERE:

At www.nytimes.com

- Advertisement -
- Advertisement -