Greece’s Problem Is More Complicated than Austerity
Harvard Business Review
JULY 27, 2015
This has certainly been the picture painted by Syriza, the left-wing political party of Greek Prime Minister Alexis Tsipras, and by many friends of Greece and progressive economists. Back in 2010, before the haircut, when Greece ran out of money, all of its debt was private and issued under Greek law. The IMF, ECB, and EU own the rest.
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