The Trojan Horse in the Greek case

Only now do Euroland’s unelected masters seem to have woken up to the gaping weaknesses of the Greek case. Asking for a cut in pensions is ludicrous having regard to the already low level of Greek pension.  A cut in the number of pensioners, spread over a few years, is however is absolutely necessary if […]

The End of the European Dream (1)

Europe’s leaders, elected and unelected, believe that if austerity is imposed on a country to such an extent that its economy collapses by 25% in 3 years, then that will increase the country’s chances of repaying its debts. Outside Europe there is not an economist in the world who believes such crass nonsense. Greece has […]