A Greek olive branch for Steve Keen

It is not so much evil austerity policies that are crippling Greece, but its membership of the eurozone.

Last week’s column on the very real possibility of a radical government for Greece (Greece’s presidential gamble could trigger the next eurozone crisis, December 10) provoked a thoughtful response by Steve Keen (The EU must face up to austerity's failures, December 12). In short, where I argued that the election of an anti-austerity government opens up the risk of a new Greek crisis, Steve writes that austerity is the real crisis.

What may appear to be irreconcilable positions, actually aren’t. Steve may be surprised to hear that I have more sympathies for his positions than he probably suspects.



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