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Recent articles by Mark Weisbrot
Search author name words: Mark Weisbrot The Reality Behind Trump’s Coalition for Regime Change in Venezuela 0 comments The world has nothing to fear from the US losing power 0 comments Why the world should care about Honduras' recent election 0 comments Recent Articles about Greece / Turkey / Cyprus EconomyTο τέλος του τα... Jul 05 20 Young Workers Association was on the Streets against Economic Crisis Dec 09 19 Young Workers Association's in the streets Against Economic Crisis Dec 24 18 Why Greece Should Reject the Euro
greece / turkey / cyprus |
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non-anarchist press
Thursday May 12, 2011 21:13 by Mark Weisbrot - New York Times
SOMETIMES there is turmoil in the markets because a government threatens to do what is best for its citizens. This seemed to be the case in Europe last week, when the German magazine Der Spiegel reported that the Greek government was threatening to stop using the euro. The euro suffered its worst two-day plunge since December 2008. [Italiano] Greek and European Union officials denied the report, but a threat by Greece to jettison the euro is long overdue, and it should be prepared to carry it out. As much as the move might cost Greece in the short term, it is very unlikely that such costs would be greater than the many years of recession, stagnation and high unemployment that the European authorities are offering. |
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