Krugzilla is a rabble rousing Dirty Hippie Economic Terrorist
Paul Krugman: Syriza should ignore calls to be responsible
The troika was peddling an economic fantasy: Greeks have paid the price
.....here’s the thing: if the troika had been truly realistic, it would have acknowledged it was demanding the impossible. Two years after the programme began, the IMF looked for historical examples where Greek-type programmes, attempts to pay down debt through austerity without major debt relief or inflation, had been successful. It didn’t find any.
Unable to lecture
So now that Tsipras has won, European officials would be well advised to skip the lectures calling on him to act responsibly and to go along with their programme. The fact is they have no credibility; the programme they imposed on Greece never made sense. It had no chance of working.
If anything, the problem with Syriza’s plans may be that they’re not radical enough. But it’s not clear what more any Greek government can do unless it’s prepared to abandon the euro, and the Greek public isn’t ready for that.
Still, in calling for a major change, Tsipras is being far more realistic than officials who want the beatings to continue until morale improves. The rest of Europe should give him a chance to end his country’s nightmare. – (New York Times)
the rest:
http://www.irishtimes.com/business/economy/paul-krugman-syriza-should-ignore-calls-to-be-responsible-1.2080112
