Olivier Blanchard, the International Monetary Fund’s Economic Counsellor and Director of Research, during the World Economic Outlook (WEO) press conference, October 8, 2008 at the IMF Headquarters in Washington DC. (Photo credit: Wikipedia)
This is a must-read article by Clive Crook, published in Greece‘s leading newspaper, Ekathimerini. Check it out!
via ekathimerini.com | Europe asks the impossible of Greece.
The article cites the argument of the IMF‘s Chief Economist, Olivier Blanchard, whom I respect.
Sadly, there does not seem to be a deal-maker left who can bring the creditors and Greece to agreement. Part of the reason is the hostile language from the Prime Minister of Greece.
Possibly, the only potential deal-maker left is perhaps German Chancellor, Angela Merkel – for her there will be a political cost either way?
Thoughts?
Dr Alf's Blog 
What the EU is asking Greece is for the low waged and pensioners to die. That is it in a nutshell.
Much like the Tories in the UK.
https://you.38degrees.org.uk/petitions/state-pension-at-60-now