Greece: “What is that lenders think you are doing?” – TVI24

The Nobel Economics Paul Krugman said this Thursday that if Greece out of the euro will be because lenders at least the IMF, thereby seeking to ensure that, criticizing the posture and the imposed policies Athens.

In an opinion piece published today in the New York Times, and entitled “A break Greece,” Paul Krugman says he did not want to get into “battle theater” between Athens and creditors , but that before the negotiations in Brussels said that “should say something.”

“What is that lenders, particularly the International Monetary Fund (IMF), they think they are doing?” Asks the economist, thus beginning a very hard article to with the attitude of international lenders Greece.

The Nobel Economics considers that negotiations should focus on primary surplus targets and a debt relief in order to avoid “endless future crises” of the country, but criticizes that creditors have rejected many of the Greek proposals.

“The Greek Government had agreed with these goals, very high indeed, considering that would have a huge primary budget surplus if the economy were not so depressed. But lenders continue to reject the Greek proposals, considering that rely too much on taxes and not enough on cutting spending. . We continue, therefore, to dictate domestic policy, “says Paul Krugman

The Nobel Economics also criticizes the justification given by international institutions – European Commission, European Central Bank (ECB) and IMF – for opposition to tax increases, which is the impact these measures will have on the economy.

“Are you kidding us? People who failed miserably in seeing the negative impact that austerity had are now teaching us about growth? “Asked.

whereas the IMF has criticized the” inability to cope with Syriza “, party of the Greek Government, Paul Krugman still leaves some advice:” We are no longer in high school, “he criticizes.

“At this point, lenders are much more than the Greeks, who are shrinking the goal posts. What is happening? The objective is from SYRIZA? is forcing Greece into a presumably disastrous failure? “Said the economist.

For Paul Krugman, this is the time to stop talking about a “Greek accident” (‘Graccident’) because, advocates, “if Greece leave the euro [Grexit ], it will be because lenders at least the IMF, want that to happen “.

The Eurogroup today again finished without agreement.