Category: Greece

Two American columnists on the Greek elections: one who is hopelessly wrong, and one who is painfully correct

When Greek voters elected a hard-Left politician who promised to reverse austerity, Paul Krugman celebrated wildly.  In a column filled with economic cant, he explained that it was always a disaster for Greece to turn to austerity when its economy collapsed, instead of spending its way out of its financial woes:

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