Lack of Reform, Not Austerity, Doomed Greek Economy
January 30, 2015
News Article
Lack of Reform, Not Austerity, Doomed Greek Economy
Also published in Investor’s Business Daily Wed. January 28, 2015.
The real Greek tragedy is not that Alexis Tsipras from the radical left-wing Syriza party won that country’s recent election, becoming prime minister in the cradle of democracy.
Voters can reverse that mistake when they realize that his policies are doing more harm than good.
The real tragedy is that Greek voters, like other Europeans who are embracing far-right or far-left parties, cast their ballots in response to draconian austerity measures, imposed by the European Union (EU) and International Monetary Fund (IMF), that they equate with free-market capitalism and globalization.
