I found this in Businessweek. Is this knowledge common sense? Are people breaking through the fog of economics?
For Greece, the price imposed by the EU and the International Monetary Fund for continued euro zone membership is a long walk over hot coals.deep budget cuts, steep tax hikes. "What the IMF is asking Greece to do borders on insanity. It's going to drive Greece into a deep recession and increase its debt-to-GDP ratio," says Desmond Lachman, a resident fellow of the conservative American Enterprise Institute in Washington. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
