Posted 5 years ago on June 18, 2012, 9:51 a.m. EST by vvv0617
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Whither Greece After the Election? Why Do They Stay on a Doomed Course?
Summary: Greece had its election. The pro-austerity party won, despite their policy’s lack of success — and lack of historical or theoretical foundation (it’s contrary to basic economics). Despite the applause in the banker-dominated news media, it’s unlikely to work, and every month of delay only makes Greece weaker — less able to well-manage an exit from the EMU. Today we ask why Greece’s leaders stay with a failed, perhaps terminal if continued, policy?