By now, a clear picture of what sort of behaviour the two previous bail-outs have supported ought to have emerged. Further aid, which will definitely be accompanied by further cuts and “reforms”, will only add to the burden imposed on Greek people. 

The lead author of a major econometric analysis of the Greek economic crisis discusses the disastrous outcomes of the policies enforced on Greece by its international lenders, and the IMF’s admission that it made serious errors in its assessment of the impact of austerity on the Greek economy and society.  

As a Greek, I am burdened by the recent developments in the southeasternmost corner of the European Union.

Mainstream politicians have been playing a dangerous game. It remains unclear to what extent these tactics represent a conscious attempt to distract those suffering most as a result of the longterm maladministration of the country. But this constitutes only a small part of the scenario we are investigating here.