Monday, July 6, 2015

With Greek ‘No’ Vote, Tsipras Wins a Victory That Could Carry a Steep Price - The New York Times

With Greek ‘No’ Vote, Tsipras Wins a Victory That Could Carry a Steep Price - The New York Times: "Nonetheless, to the extent the vote consolidated Mr. Tsipras’s power within Greece, other European leaders have no alternative but to continue doing business with him.

“Tsipras is the direct result of austerity; he is a creature of the creditors’ own making,” said Paul De Grauwe, a professor of political economy at the London School of Economics. “Creditors will have to accept him again because he will be backed by popular support.”"

 'via Blog this'

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