Loan Shark Week

“Greece doesn’t need to borrow money only to pay off its past debts, it has to borrow just to keep the lights on.” The New Yorker’s James Surowiecki on why Europe needs to offer Greece debt relief (even though Greece has almost no negotiating power).

+ “The actual income earned by a typical Greek citizen is 92 percent higher than the income reported to the government.” NPR has a pretty staggering look at Greece by the numbers.

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