The Defeat of Europe : Varoufakis’ article in “Le Monde Diplomatique”

Source   The trouble with Greece In 2010 the Greek state lost the capacity to service its debt. Put simply, it became insolvent and, thus, lost access to capital markets. To prevent a default on fragile French and German banks, that had irresponsibly lent billions to irresponsible Greek governments, Europe decided to grant Greece the … Continue reading The Defeat of Europe : Varoufakis’ article in “Le Monde Diplomatique”