Sunday, June 28, 2015
RECOMMENDED READING: "The truth about Greece"
Good article by my predecessor at the FTC, Jeremy Bulow, and coauthor Kenneth Rogoff on Greece. They point out that Greece has been receiving net inflows (austerity would imply net outflows), at least until Syriza got elected and stopped implementing reforms. He concludes by telling Greece why they should re-impose the reforms and struggle to stay in the EU: