An Unsustainable Position – Hoisted from Krugman’s Comments

Actually let’s be clear… after taking on Germany’s "austerity" plan, also known as "let the German bankers inflate bubbles in your country and profit, then make your poor people suffer when the bubble collapses", the Greek economy has suffered as much damage as Germany’s economy did as a result of WWII. 25% reduction, in both cases. So, after being a member of the Euro destroyed Greece’s economy at a level that usually involves carpet bombing, they *still* managed to produce a primary surplus. At this point saying that they are less responsible than the Germans is nothing more than racism at its finest.

via An Unsustainable Position – The New York Times.

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