P. De Grauwe: Are Creditors Pushing Greece Deliberately Into Default?

peinao28 april 2015 – by  

The Greek drama has entered its endgame. The Greek government has to repay loans to the IMF and other public institutions in the near future but does not have the cash to do so. The lenders refuse to come forward in providing liquidity as long as the Greek government does not accept the conditions they impose.

We now hear from the finance ministers that the Greek government is unreasonable because it does not want to accept these conditions. These are that austerity be fully implemented and that the structural reforms that have been agreed to by the previous Greek government, be fully carried out.

But are these conditions reasonable?

Read the complete article at: www.socialeurope.eu/are-creditors-pushing-greece-into-default?

©Paul De Grauwe, BRON

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