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Krugman Essentially Correct on Greece; Chance of Escape
by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis
It’s quite rare for me to agree with economist Paul Krugman on much of anything, or him with me.
Today, I think Krugman is essentially correct with his New York Times Op-Ed on Ending Greece’s Bleeding.
Europe dodged a bullet on Sunday. Confounding many predictions, Greek voters strongly supported their government’s rejection of creditor demands. And even the most ardent supporters of European union should be breathing a sigh of relief.
Of course, that’s not the way the creditors would have you see it. Their story, echoed by many in the business press, is that the failure of their attempt to bully Greece into acquiescence was a triumph of irrationality and irresponsibility over sound technocratic advice.
Continue Reading at GlobalEconomicAnalysis.Blogspot.com…
Source: http://financialsurvivalnetwork.com/2015/07/krugman-essentially-correct-on-greece-chance-of-escape/?utm_source=rss&utm_medium=rss&utm_campaign=krugman-essentially-correct-on-greece-chance-of-escape
