Stergios Skaperdas is professor of economics at the University of California, Irvine
Articles by this author
Monday, September 26, 2011
Greece Needs to Default on Its Debt and Exit the Eurozone
The demands of the EU, European Central Bank (ECB), IMF troika and the political climate in the northern parts of the eurozone have sent a clear message to the Greek people and the government of George Papandreou: "Do as we say, regardless of the consequences for you – or even for us." The demands go well beyond those prescribed by conventional economics.