Showing posts with label Greece Referendum. Show all posts
Showing posts with label Greece Referendum. Show all posts

Wednesday, 15 July 2015

Paul Krugman says he would vote "no" on Greece's upcoming referendum

Response the Greek referendum, Paul Krugman says "I would vote no, for two reasons."
The eurozone economic is on huge disaster, Nobel-winning economist Paul Krugman says he would vote "no" on Greece's upcoming referendum on whether to accept the terms of a bailout put to it by its creditors. 
As reported from the newyork times Paul Krugman personal blog, Krugman explains that he would vote no because: one, because leaving the euro would be better than continuing the same program that has been in place for the last 5 years; and two, because voting yes on the referendum would essentially be a vote to replace Greece's Syriza government. 
Athens governor winner party, Syriza, led by current Greek prime minister Alexis Tsipras, campaigning on a platform of rejecting austerity measures imposed by Greece's creditors. But now the conditions and future of Greek is