Greece is falling out of Europe

The fundamental contradiction in Greece's desire to keep the euro while rejecting austerity is unsustainable, and the moment is fast approaching when the decision will be taken out of Athens' hands.

The people of Greece have rejected austerity. You can scarcely blame them for throwing out a corrupt political establishment. It is also indisputable that the economic prescription written by its international creditors is astonishingly harsh. The problem is that anger is not a policy. As often as Greece votes against austerity, it cannot avoid it.


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