Jürgen Stark, the ECB executive board member who led the central bank's negotiating team with the Greek government last year, was back in Athens for further talks Wednesday
"It is an illusion to think that a debt restructuring, a haircut, or whatever kind of rescheduling or restructuring you have in mind would help to resolve the problems this country is facing," he saidA que acojona?
2 comentarios:
Luis
If none of these "draconian" measures do not help solve the problems that Greece faces, certainly what´s in place now make them worse!
What would help? Do all those things and leave the Euro?
hmmmm, I suppose: an ordely default.
Have you seen the debt level of advanced countries is the same of the end of WWII? See the paer of Reinhard & al.
http://www.imf.org/external/np/seminars/eng/2011/res2/pdf/crbs.pdf
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