In 1919 Lord Keynes penned a wonderful tome, The Economic Consequences of the Peace. It is a profound work, written by him to express his concern, as an economist, with the punitive and inflexible approach being taken to German debt. It contains nary an equation but is one of the best pieces of economic analysis you will find anywhere. It would be well worth a read by the politicians of Europe.
This is the most noteworthy analysis I have read on the case for reducing Greek debt-load. Good job, Brian.
Great collation. The rub comes when you think the various financial interests that fudged eg the Greek eligibility, and profited during the last 20 odd years are in general keeping the spoils and thriving .. STILL I guess profiteering via finanancial instruments is a lesser evil than creating the machinery of war,
Leave a Reply