Economy

Greece Exposes The Global Economy’s Achilles Heel

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Countries that can’t repay their debts — won’t

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by Chris Martenson, Peak Prosperity:

The new Greek political party, known as Syriza, the Coalition of the Radical Left, has done the unthinkable: they’ve dared to speak the truth.

In this case, the truth is perfectly captured by the blunt assessment by the new Greek finance minister, Yanis Varoufakis, who recently declared “I’m the finance minister of a bankrupt country.”

Such honest assessments are not supposed to be uttered in politics, no matter how true they may be. And so, as you can imagine, the machinery of the defenders of the status quo is in quite a lather over the whole affair. And it’s doing everything it can to minimize and marginalize the new Greek government.

One editorial in the Financial Times summed up the establishment view quite well, I thought, putting its contempt for those who dare to simply state what is true right on the table:

Read More @ Peak Prosperity.com

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