Greece and the Euro After the Referendum
Dean Baker
Truthout, July 6, 2015
Dean Baker
Truthout, July 6, 2015
The Huffington Post: Unlike many letters from Congress that are ignored by the executive branch, this one might be taken more seriously by the IMF and the US Treasury department — which is the IMF’s most powerful overseer. One reason is that the IMF has been trying for five years to enact reforms in its governance structure that are very important to the Fund and Treasury — reforms that can’t be enacted unless they are approved by Congress.
The Globe and Mail: It is ironic but not surprising that the European Central Bank (ECB) on Sunday decided to limit its credit to Greece by enough to force the Greek banking system to close.
Al Jazeera America: You can ignore all the talk of a “Grexit,” the bluff and bluster of right-wing German ideologues such as Finance Minister Wolfgang Schäuble who would celebrate it, and repetitive, stubbornly dire warnings that time is running out.