I took part in a radio discussion on Thursday with KCRW presenter Warren Olney. The subject was: Greece, a country left with no good choices.
The panel included Russel Shorto, the author who wrote a very good piece about Greece called ‘The Way Greeks Live Now’ for the New York Times Magazine: http://www.nytimes.com/2012/02/19/magazine/the-way-greeks-live-now.html?_r=1&scp=1&sq=Russel%20Shorto&st=cse
The other two participants were Charles Wyplosz from the International Center for Money and Banking Studies and Jennifer McKeown of Capital Economics.
It made for a very interesting discussion both with regards to the limited economic options Greece has but also about the country’s tarnished image.
Please listen if you get the chance:
http://www.kcrw.com/news/programs/tp/tp120223greece_a_country_lef
Excellent balanced article here from the Peterson Institute; “A Bad Eurogroup Decision on Greece.”
http://www.iie.com/realtime/?p=2713
Eliminate Merkel; that’s the only choice if not sworn duty of all Europeans.
Well, we now know that even attempting (let alone subscribing to) the PSI has lead to a selective default. In other words all the attempts by Greek politicians to avoid bankruptcy were for nothing. And please, let’s not debate the technical side of a selective default. If it looks like duck, walks like a duck and quacks like a duck, it’s probably a duck.