The Undollar Digest

Greece Must Default if it Wants Democracy

Wolfgang Münchau 02/19/2012 www.ft.com

When Wolfgang Schäuble proposed that Greece should postpone its elections as a condition for further help, I knew that the game would soon be up. We are at the point where success is no longer compatible with democracy. The German finance minister wants to prevent a “wrong” democratic choice. Similar to this is the suggestion [...]


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