quotes from one of the Bloomberg news.
Greece has depleted its credibility by missing targets for deficit reduction, economic reforms and asset sales that were set when it obtained a 110 billion-euro aid package in May 2010. As a result, the once-taboo notion of a departure or expulsion from the euro zone has crept into the mainstream political debate.
How it reads: Greece is to blame for:
1) missing targets for deficit reduction
2) missing economic reforms & asset sales
how it should be presented correctly?
On the conscience of economists in Greece and the EU: missing targets for deficit reduction
On the conscience of politicians in Greece and the EU: missing economic reforms & asset sales
What is the problem of the first? Underestimating the negative multiplier effect. What is the problem of the second? Well they are politicians and this is their problem. But economists could still show their best side.. And this is after such a good answer to 2008 year …
But unfortunately it turned out, that due to too optimistic forecasts of the pace of economic recovery in the EU, US economy, due to ignoring the negative effect of tightening economic policy in the EM, and due to involvement in political discussions, in the eyes of an already dim public, economists seem to be discrediting.
Посему, what do not offer now, don't explain, will not help. This means, that economic policy will be dominated by heresy. And that means, that only freebies and economic momentum will come with us.
