Sunday, July 19, 2015

Krugman acknowledges that will have “overestimated the power of … – Daily News – Lisbon

The Nobel prize of the US economy, Paul Krugman, who stood out as one of the most virulent critics of austerity measures imposed on Athens, recognized today have “perhaps overestimated the competence” of the Greek government.

“Maybe he overestimated the competence of the Greek government,” he said during an interview with CNN televisa chain.

“Not figured they could take a position without having an emergency plan,” if it does not obtain the help financial requesting he said.

“They believed they could simply demand better conditions without having an alternative plan,” he continued, referring to a “shock”.

“In any case, there is little hope, “considered,” the new conditions are even worse, but the conditions they proposed them also would not work. “

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