Κυριακή, 13 Μαΐου 2012

Wall Street Journal: "How a Radical Greek Rescue Plan Fell Short"


Ένα καταπληκτικό άρθρο που αναλύει ακριβώς το "ποιός φταίει" για την Ευρωπαϊκή και ελληνική κρίση. Παραθέτω κάποια αποσπάσματα:


"Mr. Papandreou says that when he asked German Chancellor Angela Merkel for gentler conditions in 2010, she replied that the aid program had to hurt. "We want to make sure nobody else will want this," Ms. Merkel told him."

"While everyone accepted that Greece needed fiscal retrenchment, the IMF argued for giving structural changes priority and making the spending cuts gradual, to protect the economy.
Germany said no: Structural reforms would take place at the same time as drastic austerity to bring down the budget deficit—15.8% of gross domestic product in 2009—to under 3% by 2014. The timetable proved unrealistic: Spending cuts and tax increases pushed the economy into such a deep recession that the deficit got stuck at around 10% of GDP."

Ολόκληρο το άρθρο εδώ: Wall Street Journal Full article