Jun 10, 2011

Will Greece Make It?

Rodrik claims:

As the experiences of interwar Britain – and, more recently, of Argentina and Latvia – show, it is the politics that ultimately determines the outcome. For the Greek program to have any chance, the Papandreou government must mount a monumental effort to convince its domestic constituents that economic pain is the price they are paying for a brighter future – and not just a means to satisfy external creditors.

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