What now for Greece – collapse or resurrection?
Neoliberal economics planned in Brussels and Berlin will push Greece into third-world working conditions
The reporting of the Greek tragedy over the last couple of years gives the impression that economics is a master science. Yet, the mainstream economists who gave Lehman Brothers a certificate of rude health just before its collapse, predicted tat by 2012 the Greek economy would start growing. The economy shrank by 7% last year and a further 6% contraction is predicted for this year, with worse to come. This is the fastest slump in recent times. The discipline of this type of economics is often closer to a confidence trick than a science.