The never-ending austerity that Europe is force-feeding the Greek people is simply not working. Now Greece has loudly said no more.
As most of the world knew it would, the financial demands made by Europe have crushed the Greek economy….
The Nation
Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel Heiner Flassbeck, former State Secretary in the German Federal Ministry of Finance;
Thomas Piketty, Professor of Economics at the Paris School of Economics;
Jeffrey D. Sachs, Professor of Sustainable Development, Professor of Health Policy and Management, and Director of the Earth Institute at Columbia University;
Dani Rodrik, Ford Foundation Professor of International Political Economy, Harvard Kennedy School, and
Simon Wren-Lewis, Professor of Economic Policy, Blavatnik School of Government, University of Oxford