This Nobel Prize-winning economist says Greeks should vote ‘No’


Who should the Greek people listen to when they vote in a referendum on their country’s international bailout: international leaders, or New York Times columnist Paul Krugman?

Here’s what is at stake: Greece’s Prime Minister Alexis Tsipras has announced a July 5 referendum on the nation’s creditors’ proposals to resolve its debt crisis, which has plagued the country for several years now. A “yes” vote would back the bailout measures by international creditors, while a “no” vote would likely lead Greece to exit the eurozone, making it the first nation to ditch the single currency and throwing the European nation into uncharted territory.

Noble Prize-winning Krugman says he would vote “no,” arguing two reasons for that case. Within the first point, Krugman acknowledges that leaving the euro is scary, but could result in an opportunity for the nation to rethink how it can tackle its woes and that a devaluation…

View original post 93 more words


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s