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Athens Macedonian News Agency: News in English, 15-07-03

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Thomas Piketty: Lenders' proposal is bad and recessionary

  • [01] Thomas Piketty: Lenders' proposal is bad and recessionary

    The plan the lenders propose to Greece is bad and recessionary and the answer is no, said French economist Thomas Piketty to Belgian newspaper Le Soir adding that despite the brutal threat of Greece's exit from the eurozone and the financial strangulation by the ECB, he understands why many Greeks are attracted by the 'yes' vote. He reminded that the Europeans broke their promise in 2012 over the restructuring of the Greek debt.

    Asked if the eurozone could face a Grexit and this would mean that the common currency would become more fragile, Piketty said " Those who believe that a country's exit from would bring stability and discipline in the eurozone are sorcerer's apprentices. In reality, a country's exit would bring a huge shock to the eurozone in the whole. It would, probably be, the beginning of the end..."


    Athens News Agency: News in English Directory - Previous Article - Next Article
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