Wednesday, July 15, 2015

The economic consequences of the piece

Can the Colonels be far behind, in Greece:
Greece's proposed bailout deal is like the Versailles treaty which led to the rise of Adolf Hitler, former finance minister Yanis Varoufakis has claimed.

Varoufakis, who resigned last week citing complaints from European creditors over his combative style of negotiation, quoted a famous British economist in a statement to MPs that was met by heckling from some areas of the room.

"'The powerful demanded that the losers accept terms they had no right to demand. The losers accepted commitments they had no right to accept'.

"These were the words of John Maynard Keynes on the Versailles Treaty. What we are confronted with is a new Versailles Treaty."
Costa-Gavras, call your office.

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