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Athens Macedonian News Agency: News in English, 15-07-03
CONTENTS
[01] Thomas Piketty: Lenders' proposal is bad and recessionary
[01] Thomas Piketty: Lenders' proposal is bad and recessionary
The plan the lenders propose to Greece is bad and recessionary and the
answer is no, said French economist Thomas Piketty to Belgian newspaper
Le Soir adding that despite the brutal threat of Greece's exit from
the eurozone and the financial strangulation by the ECB, he understands
why many Greeks are attracted by the 'yes' vote. He reminded that the
Europeans broke their promise in 2012 over the restructuring of the
Greek debt.
Asked if the eurozone could face a Grexit and this would mean that the
common currency would become more fragile, Piketty said " Those who
believe that a country's exit from would bring stability and discipline
in the eurozone are sorcerer's apprentices. In reality, a country's
exit would bring a huge shock to the eurozone in the whole. It would,
probably be, the beginning of the end..."
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