Greece Together With Denying Responsibility

My before Greece, together with has drawn to a greater extent than or less interesting reactions. Thankfully most understood that, equally I wrote: “Of course of study the Irish Gaelic famine is dissimilar inward bird together with shape to the difficulties beingness faced past times many inward to a greater extent than or less Eurozone economies.” So why did I all the same desire to brand the comparison? The trigger was the denial of responsibleness highlighted past times the Lancet study I referred to, together with the mutual choice stance that all problems were downwards to a corrupt or inefficient Greek authorities together with economy.

I wanted to brand the parallel amongst the Irish Gaelic famine for iii reasons. First, at that spot seemed to live the same type of deflection of blame going on today equally at that time. Second, ideas virtually what could together with couldn’t live done inward price of economical relationships were central. Third, the verdict of history is pretty clear amongst the Irish Gaelic famine. The British authorities did furnish to a greater extent than or less famine relief, but what history remembers is that it was non nearly enough. History remembers the activity together with inaction of the British government, together with non the inefficiencies together with inadequacies of Irish Gaelic agriculture.

One answer to my criticisms is that without Troika or International Monetary Fund support, austerity would direct keep been much to a greater extent than immediate together with intense. This is of course of study true: unable to borrow at all, the Greek government’s primary deficit would direct keep had to autumn to null fifty-fifty if all involvement payments on debt had been halted. But equally I noted above, the headline from history is non that the famine would direct keep been worse all the same if the British authorities had non provided whatever relief, but rather that it did non furnish enough.

Troika assistance to Hellenic Republic made 2 major mistakes. First, wishful (at best) thinking virtually the amount of authorities debt Hellenic Republic could support. Second, the Troika imposed a front end loaded austerity programme that was far also severe. How much of the subsequent collapse of the economic scheme was due to this is unclear, but few seriously dubiety it played a major role. As I noted post making to a greater extent than or less parallels betwixt attitudes to Hellenic Republic together with attitudes during the Irish Gaelic murphy famine of the 1840s was picked upwards past times others inward Ireland together with Greece, together with has drawn to a greater extent than or less interesting reactions. Thankfully most understood that, equally I wrote: “Of course of study the Irish Gaelic famine is dissimilar inward bird together with shape to the difficulties beingness faced past times many inward to a greater extent than or less Eurozone economies.” So why did I all the same desire to brand the comparison? The trigger was the denial of responsibleness highlighted past times the Lancet study I referred to, together with the mutual choice stance that all problems were downwards to a corrupt or inefficient Greek authorities together with economy.

I wanted to brand the parallel amongst the Irish Gaelic famine for iii reasons. First, at that spot seemed to live the same type of deflection of blame going on today equally at that time. Second, ideas virtually what could together with couldn’t live done inward price of economical relationships were central. Third, the verdict of history is pretty clear amongst the Irish Gaelic famine. The British authorities did furnish to a greater extent than or less famine relief, but what history remembers is that it was non nearly enough. History remembers the activity together with inaction of the British government, together with non the inefficiencies together with inadequacies of Irish Gaelic agriculture.

One answer to my criticisms is that without Troika or International Monetary Fund support, austerity would direct keep been much to a greater extent than immediate together with intense. This is of course of study true: unable to borrow at all, the Greek government’s primary deficit would direct keep had to autumn to null fifty-fifty if all involvement payments on debt had been halted. But equally I noted above, the headline from history is non that the famine would direct keep been worse all the same if the British authorities had non provided whatever relief, but rather that it did non furnish enough.

Troika assistance to Hellenic Republic made 2 major mistakes. First, wishful (at best) thinking virtually the amount of authorities debt Hellenic Republic could support. Second, the Troika imposed a front end loaded austerity programme that was far also severe. How much of the subsequent collapse of the economic scheme was due to this is unclear, but few seriously dubiety it played a major role. As I noted here, the estimates past times the Troika of the deport upon of austerity that were made at the fourth dimension ignored basic together with widely accepted macroeconomic analysis.

Mistakes acquire made, especially inward a crisis. When these mistakes drib dead evident, equally they did pretty speedily inward the illustration of Greece, at that spot are 2 possible responses. The kickoff is for those who made these mistakes to acknowledge responsibility, together with elbow grease together with acquire the lessons. I think the International Monetary Fund has to to a greater extent than or less extent tried to ambit this, equally I noted inward this before Greece, together with has drawn to a greater extent than or less interesting reactions. Thankfully most understood that, equally I wrote: “Of course of study the Irish Gaelic famine is dissimilar inward bird together with shape to the difficulties beingness faced past times many inward to a greater extent than or less Eurozone economies.” So why did I all the same desire to brand the comparison? The trigger was the denial of responsibleness highlighted past times the Lancet study I referred to, together with the mutual choice stance that all problems were downwards to a corrupt or inefficient Greek authorities together with economy.

I wanted to brand the parallel amongst the Irish Gaelic famine for iii reasons. First, at that spot seemed to live the same type of deflection of blame going on today equally at that time. Second, ideas virtually what could together with couldn’t live done inward price of economical relationships were central. Third, the verdict of history is pretty clear amongst the Irish Gaelic famine. The British authorities did furnish to a greater extent than or less famine relief, but what history remembers is that it was non nearly enough. History remembers the activity together with inaction of the British government, together with non the inefficiencies together with inadequacies of Irish Gaelic agriculture.

One answer to my criticisms is that without Troika or International Monetary Fund support, austerity would direct keep been much to a greater extent than immediate together with intense. This is of course of study true: unable to borrow at all, the Greek government’s primary deficit would direct keep had to autumn to null fifty-fifty if all involvement payments on debt had been halted. But equally I noted above, the headline from history is non that the famine would direct keep been worse all the same if the British authorities had non provided whatever relief, but rather that it did non furnish enough.

Troika assistance to Hellenic Republic made 2 major mistakes. First, wishful (at best) thinking virtually the amount of authorities debt Hellenic Republic could support. Second, the Troika imposed a front end loaded austerity programme that was far also severe. How much of the subsequent collapse of the economic scheme was due to this is unclear, but few seriously dubiety it played a major role. As I noted post. The minute possible reaction is denial, together with to essay to blame others. It is this answer that history does non expect also kindly upon.

Denial takes many forms. There are many myths. One of the most invidious is that the failure of Greek debt to stabilise is because the Greek authorities failed to undertake the required austerity. This is precisely non true, equally this first-class study of all the assistance programmes to Eurozone countries past times Pisani-Ferry, Sapir together with Wolff documents. (See also the numbers I presented inward this Greece, together with has drawn to a greater extent than or less interesting reactions. Thankfully most understood that, equally I wrote: “Of course of study the Irish Gaelic famine is dissimilar inward bird together with shape to the difficulties beingness faced past times many inward to a greater extent than or less Eurozone economies.” So why did I all the same desire to brand the comparison? The trigger was the denial of responsibleness highlighted past times the Lancet study I referred to, together with the mutual choice stance that all problems were downwards to a corrupt or inefficient Greek authorities together with economy.

I wanted to brand the parallel amongst the Irish Gaelic famine for iii reasons. First, at that spot seemed to live the same type of deflection of blame going on today equally at that time. Second, ideas virtually what could together with couldn’t live done inward price of economical relationships were central. Third, the verdict of history is pretty clear amongst the Irish Gaelic famine. The British authorities did furnish to a greater extent than or less famine relief, but what history remembers is that it was non nearly enough. History remembers the activity together with inaction of the British government, together with non the inefficiencies together with inadequacies of Irish Gaelic agriculture.

One answer to my criticisms is that without Troika or International Monetary Fund support, austerity would direct keep been much to a greater extent than immediate together with intense. This is of course of study true: unable to borrow at all, the Greek government’s primary deficit would direct keep had to autumn to null fifty-fifty if all involvement payments on debt had been halted. But equally I noted above, the headline from history is non that the famine would direct keep been worse all the same if the British authorities had non provided whatever relief, but rather that it did non furnish enough.

Troika assistance to Hellenic Republic made 2 major mistakes. First, wishful (at best) thinking virtually the amount of authorities debt Hellenic Republic could support. Second, the Troika imposed a front end loaded austerity programme that was far also severe. How much of the subsequent collapse of the economic scheme was due to this is unclear, but few seriously dubiety it played a major role. As I noted post.) The austerity programme was e'er far also severe, together with became to a greater extent than together with so over time.

Another myth is that workers refused to cutting wages, therefore preventing the necessary adjustment inward competitiveness. To quote the Pisani-Ferry et al study: “It is only for wage-based competitiveness indicators such equally unit of measurement labour costs that the improvement is noticeable. Thanks to a greater extent than oftentimes than non to downward wage adjustment, ULCs started to decline already inward 2010 together with the tendency accelerated strongly inward 2011-12.” So the icon of the stubborn Greek worker refusing to facial expression upwards reality is incorrect.

There is also a denial of the extent to which the Troika promoted its self interest, rather than doing what was expert for the Greek people. No dubiety business office of the failure to recognise the necessary debt write off was wishful thinking, but it is hard to believe that it had null to ambit amongst who held that debt. As this Breugel study shows, the term ‘privatisation’ appears 10 times to a greater extent than oftentimes inward Commission programme documents than the give-and-take ‘poverty’. When it became possible that Hellenic Republic mightiness elect a authorities headed past times Syriza, Hellenic Republic was Greece, together with has drawn to a greater extent than or less interesting reactions. Thankfully most understood that, equally I wrote: “Of course of study the Irish Gaelic famine is dissimilar inward bird together with shape to the difficulties beingness faced past times many inward to a greater extent than or less Eurozone economies.” So why did I all the same desire to brand the comparison? The trigger was the denial of responsibleness highlighted past times the Lancet study I referred to, together with the mutual choice stance that all problems were downwards to a corrupt or inefficient Greek authorities together with economy.

I wanted to brand the parallel amongst the Irish Gaelic famine for iii reasons. First, at that spot seemed to live the same type of deflection of blame going on today equally at that time. Second, ideas virtually what could together with couldn’t live done inward price of economical relationships were central. Third, the verdict of history is pretty clear amongst the Irish Gaelic famine. The British authorities did furnish to a greater extent than or less famine relief, but what history remembers is that it was non nearly enough. History remembers the activity together with inaction of the British government, together with non the inefficiencies together with inadequacies of Irish Gaelic agriculture.

One answer to my criticisms is that without Troika or International Monetary Fund support, austerity would direct keep been much to a greater extent than immediate together with intense. This is of course of study true: unable to borrow at all, the Greek government’s primary deficit would direct keep had to autumn to null fifty-fifty if all involvement payments on debt had been halted. But equally I noted above, the headline from history is non that the famine would direct keep been worse all the same if the British authorities had non provided whatever relief, but rather that it did non furnish enough.

Troika assistance to Hellenic Republic made 2 major mistakes. First, wishful (at best) thinking virtually the amount of authorities debt Hellenic Republic could support. Second, the Troika imposed a front end loaded austerity programme that was far also severe. How much of the subsequent collapse of the economic scheme was due to this is unclear, but few seriously dubiety it played a major role. As I noted threatened amongst leave of absence from the Eurozone non because the Troika believed this prospective authorities mightiness ambit to a greater extent than harm to the Greek economy, but because they threatened to suspend involvement payments.

A expert illustration of this self involvement is defence spending, together with High German built submarines inward particular. Greek defence spending is good inward a higher house the Eurozone average. An obvious initial austerity mensurate would direct keep been a consummate pause of Greek spending on overseas produced armed services hardware. This is 1 illustration where austerity could truly live expansionary: Hellenic Republic benefits from the reduced taxation burden, but the demand deport upon is felt only overseas. Any fears virtually Turkey could direct keep been covered past times assurances from other governments. Indeed, given the alternatives, it seems criminal non to direct keep made this a status of Troika support. But of course of study this would live to ignore where this hardware was built - mainly inward Federal Republic of Federal Republic of Germany together with other Eurozone economies.  

As Merkel is reported equally saying: “But nosotros never asked yous to pass together with so much of your gross domestic product on defence”. Yet the Troika has non been afraid to inquire for many things. One of the myths is that Troika loans direct keep non involved much conditionality - equally Pisani-Ferry et al note, “the Troika has immersed itself to a greater extent than together with to a greater extent than inward the sector-specific rule of microeconomic behaviour.” The extent of corruption inward the procurement of Greek armed services hardware is immense, but the Greece, together with has drawn to a greater extent than or less interesting reactions. Thankfully most understood that, equally I wrote: “Of course of study the Irish Gaelic famine is dissimilar inward bird together with shape to the difficulties beingness faced past times many inward to a greater extent than or less Eurozone economies.” So why did I all the same desire to brand the comparison? The trigger was the denial of responsibleness highlighted past times the Lancet study I referred to, together with the mutual choice stance that all problems were downwards to a corrupt or inefficient Greek authorities together with economy.

I wanted to brand the parallel amongst the Irish Gaelic famine for iii reasons. First, at that spot seemed to live the same type of deflection of blame going on today equally at that time. Second, ideas virtually what could together with couldn’t live done inward price of economical relationships were central. Third, the verdict of history is pretty clear amongst the Irish Gaelic famine. The British authorities did furnish to a greater extent than or less famine relief, but what history remembers is that it was non nearly enough. History remembers the activity together with inaction of the British government, together with non the inefficiencies together with inadequacies of Irish Gaelic agriculture.

One answer to my criticisms is that without Troika or International Monetary Fund support, austerity would direct keep been much to a greater extent than immediate together with intense. This is of course of study true: unable to borrow at all, the Greek government’s primary deficit would direct keep had to autumn to null fifty-fifty if all involvement payments on debt had been halted. But equally I noted above, the headline from history is non that the famine would direct keep been worse all the same if the British authorities had non provided whatever relief, but rather that it did non furnish enough.

Troika assistance to Hellenic Republic made 2 major mistakes. First, wishful (at best) thinking virtually the amount of authorities debt Hellenic Republic could support. Second, the Troika imposed a front end loaded austerity programme that was far also severe. How much of the subsequent collapse of the economic scheme was due to this is unclear, but few seriously dubiety it played a major role. As I noted bribes direct keep been paid past times companies inward other Eurozone countries, especially Germany.

It is clearly nonsense to debate that the impairment done to the economic scheme together with wellness of the Greek people is all downwards to corruption together with inefficiency inside Hellenic Republic together with null to ambit amongst Troika actions. Denial of responsibleness is especially unsafe if it agency non admitting your mistakes but instead repeating them. The tragedy of the Greek political course of study is non that they failed to enact Troika policies, but that acquiesced to them. The 1 ray of promise is that straightaway the Greek authorities is no longer running a primary deficit, together with so it potentially has much stronger negotiating power. I only promise they usage it. 

Earlier posts on Greece

Greece, together with has drawn to a greater extent than or less interesting reactions. Thankfully most understood that, equally I wrote: “Of course of study the Irish Gaelic famine is dissimilar inward bird together with shape to the difficulties beingness faced past times many inward to a greater extent than or less Eurozone economies.” So why did I all the same desire to brand the comparison? The trigger was the denial of responsibleness highlighted past times the Lancet study I referred to, together with the mutual choice stance that all problems were downwards to a corrupt or inefficient Greek authorities together with economy.

I wanted to brand the parallel amongst the Irish Gaelic famine for iii reasons. First, at that spot seemed to live the same type of deflection of blame going on today equally at that time. Second, ideas virtually what could together with couldn’t live done inward price of economical relationships were central. Third, the verdict of history is pretty clear amongst the Irish Gaelic famine. The British authorities did furnish to a greater extent than or less famine relief, but what history remembers is that it was non nearly enough. History remembers the activity together with inaction of the British government, together with non the inefficiencies together with inadequacies of Irish Gaelic agriculture.

One answer to my criticisms is that without Troika or International Monetary Fund support, austerity would direct keep been much to a greater extent than immediate together with intense. This is of course of study true: unable to borrow at all, the Greek government’s primary deficit would direct keep had to autumn to null fifty-fifty if all involvement payments on debt had been halted. But equally I noted above, the headline from history is non that the famine would direct keep been worse all the same if the British authorities had non provided whatever relief, but rather that it did non furnish enough.

Troika assistance to Hellenic Republic made 2 major mistakes. First, wishful (at best) thinking virtually the amount of authorities debt Hellenic Republic could support. Second, the Troika imposed a front end loaded austerity programme that was far also severe. How much of the subsequent collapse of the economic scheme was due to this is unclear, but few seriously dubiety it played a major role. As I noted 17/03/14 The abrupt but effectual remedy

Greece, together with has drawn to a greater extent than or less interesting reactions. Thankfully most understood that, equally I wrote: “Of course of study the Irish Gaelic famine is dissimilar inward bird together with shape to the difficulties beingness faced past times many inward to a greater extent than or less Eurozone economies.” So why did I all the same desire to brand the comparison? The trigger was the denial of responsibleness highlighted past times the Lancet study I referred to, together with the mutual choice stance that all problems were downwards to a corrupt or inefficient Greek authorities together with economy.

I wanted to brand the parallel amongst the Irish Gaelic famine for iii reasons. First, at that spot seemed to live the same type of deflection of blame going on today equally at that time. Second, ideas virtually what could together with couldn’t live done inward price of economical relationships were central. Third, the verdict of history is pretty clear amongst the Irish Gaelic famine. The British authorities did furnish to a greater extent than or less famine relief, but what history remembers is that it was non nearly enough. History remembers the activity together with inaction of the British government, together with non the inefficiencies together with inadequacies of Irish Gaelic agriculture.

One answer to my criticisms is that without Troika or International Monetary Fund support, austerity would direct keep been much to a greater extent than immediate together with intense. This is of course of study true: unable to borrow at all, the Greek government’s primary deficit would direct keep had to autumn to null fifty-fifty if all involvement payments on debt had been halted. But equally I noted above, the headline from history is non that the famine would direct keep been worse all the same if the British authorities had non provided whatever relief, but rather that it did non furnish enough.

Troika assistance to Hellenic Republic made 2 major mistakes. First, wishful (at best) thinking virtually the amount of authorities debt Hellenic Republic could support. Second, the Troika imposed a front end loaded austerity programme that was far also severe. How much of the subsequent collapse of the economic scheme was due to this is unclear, but few seriously dubiety it played a major role. As I noted 13/06/13 How a Greek drama became a global tragedy

Greece, together with has drawn to a greater extent than or less interesting reactions. Thankfully most understood that, equally I wrote: “Of course of study the Irish Gaelic famine is dissimilar inward bird together with shape to the difficulties beingness faced past times many inward to a greater extent than or less Eurozone economies.” So why did I all the same desire to brand the comparison? The trigger was the denial of responsibleness highlighted past times the Lancet study I referred to, together with the mutual choice stance that all problems were downwards to a corrupt or inefficient Greek authorities together with economy.

I wanted to brand the parallel amongst the Irish Gaelic famine for iii reasons. First, at that spot seemed to live the same type of deflection of blame going on today equally at that time. Second, ideas virtually what could together with couldn’t live done inward price of economical relationships were central. Third, the verdict of history is pretty clear amongst the Irish Gaelic famine. The British authorities did furnish to a greater extent than or less famine relief, but what history remembers is that it was non nearly enough. History remembers the activity together with inaction of the British government, together with non the inefficiencies together with inadequacies of Irish Gaelic agriculture.

One answer to my criticisms is that without Troika or International Monetary Fund support, austerity would direct keep been much to a greater extent than immediate together with intense. This is of course of study true: unable to borrow at all, the Greek government’s primary deficit would direct keep had to autumn to null fifty-fifty if all involvement payments on debt had been halted. But equally I noted above, the headline from history is non that the famine would direct keep been worse all the same if the British authorities had non provided whatever relief, but rather that it did non furnish enough.

Troika assistance to Hellenic Republic made 2 major mistakes. First, wishful (at best) thinking virtually the amount of authorities debt Hellenic Republic could support. Second, the Troika imposed a front end loaded austerity programme that was far also severe. How much of the subsequent collapse of the economic scheme was due to this is unclear, but few seriously dubiety it played a major role. As I noted 19/04/13 The stupid cruelty of the creditor

Greece, together with has drawn to a greater extent than or less interesting reactions. Thankfully most understood that, equally I wrote: “Of course of study the Irish Gaelic famine is dissimilar inward bird together with shape to the difficulties beingness faced past times many inward to a greater extent than or less Eurozone economies.” So why did I all the same desire to brand the comparison? The trigger was the denial of responsibleness highlighted past times the Lancet study I referred to, together with the mutual choice stance that all problems were downwards to a corrupt or inefficient Greek authorities together with economy.

I wanted to brand the parallel amongst the Irish Gaelic famine for iii reasons. First, at that spot seemed to live the same type of deflection of blame going on today equally at that time. Second, ideas virtually what could together with couldn’t live done inward price of economical relationships were central. Third, the verdict of history is pretty clear amongst the Irish Gaelic famine. The British authorities did furnish to a greater extent than or less famine relief, but what history remembers is that it was non nearly enough. History remembers the activity together with inaction of the British government, together with non the inefficiencies together with inadequacies of Irish Gaelic agriculture.

One answer to my criticisms is that without Troika or International Monetary Fund support, austerity would direct keep been much to a greater extent than immediate together with intense. This is of course of study true: unable to borrow at all, the Greek government’s primary deficit would direct keep had to autumn to null fifty-fifty if all involvement payments on debt had been halted. But equally I noted above, the headline from history is non that the famine would direct keep been worse all the same if the British authorities had non provided whatever relief, but rather that it did non furnish enough.

Troika assistance to Hellenic Republic made 2 major mistakes. First, wishful (at best) thinking virtually the amount of authorities debt Hellenic Republic could support. Second, the Troika imposed a front end loaded austerity programme that was far also severe. How much of the subsequent collapse of the economic scheme was due to this is unclear, but few seriously dubiety it played a major role. As I noted 14/11/12 Greece: continuing the disastrous ‘squeeze together with hope’ strategy

Greece, together with has drawn to a greater extent than or less interesting reactions. Thankfully most understood that, equally I wrote: “Of course of study the Irish Gaelic famine is dissimilar inward bird together with shape to the difficulties beingness faced past times many inward to a greater extent than or less Eurozone economies.” So why did I all the same desire to brand the comparison? The trigger was the denial of responsibleness highlighted past times the Lancet study I referred to, together with the mutual choice stance that all problems were downwards to a corrupt or inefficient Greek authorities together with economy.

I wanted to brand the parallel amongst the Irish Gaelic famine for iii reasons. First, at that spot seemed to live the same type of deflection of blame going on today equally at that time. Second, ideas virtually what could together with couldn’t live done inward price of economical relationships were central. Third, the verdict of history is pretty clear amongst the Irish Gaelic famine. The British authorities did furnish to a greater extent than or less famine relief, but what history remembers is that it was non nearly enough. History remembers the activity together with inaction of the British government, together with non the inefficiencies together with inadequacies of Irish Gaelic agriculture.

One answer to my criticisms is that without Troika or International Monetary Fund support, austerity would direct keep been much to a greater extent than immediate together with intense. This is of course of study true: unable to borrow at all, the Greek government’s primary deficit would direct keep had to autumn to null fifty-fifty if all involvement payments on debt had been halted. But equally I noted above, the headline from history is non that the famine would direct keep been worse all the same if the British authorities had non provided whatever relief, but rather that it did non furnish enough.

Troika assistance to Hellenic Republic made 2 major mistakes. First, wishful (at best) thinking virtually the amount of authorities debt Hellenic Republic could support. Second, the Troika imposed a front end loaded austerity programme that was far also severe. How much of the subsequent collapse of the economic scheme was due to this is unclear, but few seriously dubiety it played a major role. As I noted 23/07/12 Playing amongst Fire inward the Eurozone

Greece, together with has drawn to a greater extent than or less interesting reactions. Thankfully most understood that, equally I wrote: “Of course of study the Irish Gaelic famine is dissimilar inward bird together with shape to the difficulties beingness faced past times many inward to a greater extent than or less Eurozone economies.” So why did I all the same desire to brand the comparison? The trigger was the denial of responsibleness highlighted past times the Lancet study I referred to, together with the mutual choice stance that all problems were downwards to a corrupt or inefficient Greek authorities together with economy.

I wanted to brand the parallel amongst the Irish Gaelic famine for iii reasons. First, at that spot seemed to live the same type of deflection of blame going on today equally at that time. Second, ideas virtually what could together with couldn’t live done inward price of economical relationships were central. Third, the verdict of history is pretty clear amongst the Irish Gaelic famine. The British authorities did furnish to a greater extent than or less famine relief, but what history remembers is that it was non nearly enough. History remembers the activity together with inaction of the British government, together with non the inefficiencies together with inadequacies of Irish Gaelic agriculture.

One answer to my criticisms is that without Troika or International Monetary Fund support, austerity would direct keep been much to a greater extent than immediate together with intense. This is of course of study true: unable to borrow at all, the Greek government’s primary deficit would direct keep had to autumn to null fifty-fifty if all involvement payments on debt had been halted. But equally I noted above, the headline from history is non that the famine would direct keep been worse all the same if the British authorities had non provided whatever relief, but rather that it did non furnish enough.

Troika assistance to Hellenic Republic made 2 major mistakes. First, wishful (at best) thinking virtually the amount of authorities debt Hellenic Republic could support. Second, the Troika imposed a front end loaded austerity programme that was far also severe. How much of the subsequent collapse of the economic scheme was due to this is unclear, but few seriously dubiety it played a major role. As I noted 23/05/12 Why I tin all the same believe the Euro volition survive, just