http://thenextrecession.wordpress.com/2012/03/28/olivier-blanchard-and-tina/
Olivier Blanchard is the chief economist of the IMF and he has a blog on the
IMF website. Blanchard’s latest post
(http://blog-imfdirect.imf.org/2012/03/19/the-logic-and-fairness-of-greeces-program/)
takes up the question of whether there is any alternative to the
austerity programme imposed on Greece and other southern European
governments to get their economies out of the depression they have
entered. For Blanchard, there is no alternative (TINA), to use the infamous
aphorism of that ideological flagholder of ‘neo-liberal’ capitalism,
Margaret Thatcher. Such is the view of the Troika, the European
leaders and mainstream economics. But there is an alternative.
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