Marcello Fratser To connect the Greek debt with the development of economy
Connecting the repayment of interest on the course of development of the Greek economy, suggests an article in the magazine "Der Spiegel" the head of the German Institute for Economic Research (DIW) in Berlin Marcello Fratser.
The putative and informal Council of German Chancellor Angela Merkel also noted that "Europe does not seem to even learned nothing from the Greek crisis and repeats the old mistakes.
This is evidenced both by the "preventive measures" demanded by lenders, and the issue of "debt relief." When the distinguished German economist "the imposition of an automatic cost-cutting mechanism and the imposition of new taxes in Greece if the fiscal targets are irrational and counterproductive" for three reasons not achieved: First, because "all the forecasts were wrong, secondly because 'the preventive measures exacerbate the crisis "and thirdly because" the Greek government does not succumb.
Connecting the repayment of interest on the course of development of the Greek economy, suggests an article in the magazine "Der Spiegel" the head of the German Institute for Economic Research (DIW) in Berlin Marcello Fratser.
The putative and informal Council of German Chancellor Angela Merkel also noted that "Europe does not seem to even learned nothing from the Greek crisis and repeats the old mistakes.
This is evidenced both by the "preventive measures" demanded by lenders, and the issue of "debt relief." When the distinguished German economist "the imposition of an automatic cost-cutting mechanism and the imposition of new taxes in Greece if the fiscal targets are irrational and counterproductive" for three reasons not achieved: First, because "all the forecasts were wrong, secondly because 'the preventive measures exacerbate the crisis "and thirdly because" the Greek government does not succumb.
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