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Congratulations to Greece on exiting the European Stability Mechanism bailout program


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On 8/20/2018 at 7:19 AM, Signifyin(g)Monkey said:

Huzzah!  And it only came at the cost of a Great Depression and a lost generation of young workers!

Greece's bailout is finally at an end – but has been a failure

Greece has been a colossal failure. It is a tale of incompetence, of dogma, of needless delay and of the interests of banks being put before the needs of people. And there will be long-term consequences.

 

Greece may still be Europe’s sick patient, but the EU is at death’s door

What is less certain, however, is whether the EU has learned anything from the past eight years. A year ago, the European commissioner for economic affairs, Pierre Moscovici, admitted that the decisions made behind closed doors regarding the Greek bailout were a scandal of democratic process.

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