This is an outstanding, must-read article from Nobel prize winning economist, Joseph Stiglitz, published by Project Syndicate.
via A Greek Morality Tale by Joseph E. Stiglitz – Project Syndicate.
This is an easy to read analysis that clearly blames the troika for Greece‘s current financial crisis.
Interesting, Stiglitz argues for reform of the Eurozone itself, rather than structural reform in Southern European countries, like Greece etc. This is very different to the official view coming from Germany.