Death by Debt: My Response to The German Finance Ministry, by Jeffrey Sachs

Jeffrey Sachs v odgovoru nemško ministrstvo za finance poduči o tem, zakaj ima Nemčija na podlagi dveh lastnih izkušenj zgodovinsko odgovornost, da Grčije ne prisli v smrt zaradi dolga, pač pa da ji pomaga, da se postavi na noge in postane sposobna odplačevati dolg.

Seveda ne pričakujem, da bi nemški moralisti in njihovi sledniki bili sposobni razumeti nauke zgodovine oziroma da bi bili sposobni “preklopiti” iz moralike v razumni način delovanja.

Yanis Varoufakis

Dr. Ludger Schuknecht, senior economist at the Germany Finance Ministry, explains his ministry’s viewpoint regarding Greece. This viewpoint essentially holds that Eurozone countries should live within their means; adjust to their debt burdens; and take their reform medicine as needed. If they do so, they will be successful, as illustrated by Ireland, Spain, and Portugal. Greece has only itself to blame, and indeed was on track to recover as of late 2014 if it had not deviated from its course.  

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