martedì 28 giugno 2011

Syntagma has become Tahrir Square in slow motion

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What we have come to call the Greek crisis is, first, an international banking crisis. Like Lehman Brothers, Greece is definitely not too big to fail. It is too interconnected to fail, too interconnected to the international banking system … What we are calling the Greek crisis is also a crisis of structural economic dysfunction.
.....this is a crisis of the eurozone, in which Athens is not a leading actor but merely a stage set.

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