Here’s two views on Greece: one good, one glib.
I’m a fan of Michael Lewis, but this piece of his, Greece Saunters Across the Autobahn – Bloomberg View, is glib at best. It feels like he had to bang out a few hundred words on Greece or he had this Berkeley story he’s been itching to use and finally found a place.
It’s still worth reading, because he is a good writer and his thinking is likely what many people are reading. But don’t read it thinking you will get a better understanding of why Greece is in the state it is in.
After skimming that, read this: Europe’s Attack on Greek Democracy by Joseph E. Stiglitz – Project Syndicate.
It sums up what I’ve been reading by people who are more aware of what is happening in Greece. You will come away shaking your head, as you should. For what is happening makes no sense from an economic viewpoint. But then, much of Europe has been making poor choices with their economies since the Great Recession started., mainly for ideological reasons.
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