09 January 2015
Hello 2015. Goodbye Austerity?
By Dimitri B. Papadimitriou
The World Post, January 8, 2015. All Rights Reserved.
Greece is facing front, looking towards the new year and the upcoming January elections. But it would be foolish not to learn from a look backwards, as well.
At the Athens economics conference, Europe At The Crossroads, the participants were a diverse collection of policymakers, overflowing with disagreements on the very best route to growth. Nonetheless, with one notable exception (the leader of Ireland’s central bank, endorsing European Central Bank policy), the overwhelming majority united on a single principle:
The bailout and its related austerity programs have failed miserably.
Read more: http://www.huffingtonpost.com/dimitri-b-papadimitriou/hello-2015-goodbye-auster_b_6438328.html