Thursday August 6, 2020

Lenders must share the blame

Greece’s leaders must take the pain - default is the only way forward

1st May, 2010

How do these financial crises normally end? Many people are asking when this Greek episode will end and how it will affect us.

There’s good and bad news on this score. The good news is that, if the state does the right thing, a financial crisis can usually be managed.

The bad news is that, if our government remains in denial, trying to avoid the hard decisions, there will be a run on...

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