Thursday 23 March 2017

Noonan reads public mood perfectly on Greek bailout

Eoghan Harris

Eoghan Harris

Corruption is one of the three root causes of the Greek problem — the others being lack of productivity and a bloated public sector.
Corruption is one of the three root causes of the Greek problem — the others being lack of productivity and a bloated public sector.

Enda Kenny, Michael Noonan and Joan Burton are correct to challenge the stance of the posturing Syriza regime, and, indirectly, that of its Irish apologists.

Since last January, the Greek finance minister, Yanis Varoufakis, an academic expert in game theory, has been playing a game of bluff.

He and Syriza believed a default would force Europe to choose the latter of two alternatives: expel Greece from the eurozone or write off its debts and let it carry on as usual.

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