anatolikoblog

70 economists petition for an immediate Portuguese debt restructure | March 21, 2014


Yanis Varoufakis

Screen Shot 2014-03-20 at 9.17.05 AMWhile Frankfurt-Berlin-Brussels are in full spin mode on Portugal, pretending that the fiscal consolidation program was successful and the country is about to exit its bailout (a little like exiting the frying pan to land in the fire itself), the bitter reality is that Portugal’s public debt is out of control, its labour market in shambles, its real economy moribund. Against the grain of Europe’s shameless propagandists, 70 of us have signed a petition calling for an immediate debt restructure that might give Portugal a chance to escape its debt-deflationary spiral. Click here for a pdf of our letter/petition as published in a Portuguese newspaper. 

View original post

Advertisements

Posted in Uncategorized

Leave a Comment »

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: