Krugman slams Greece's creditors as talks go down to the wire
American economist Paul Krugman slammed Greece’s creditors, especially the International Monetary Fund in a blog post for the New York Times.
Official talks appeared to be deadlocked as the parties continued discussions on how to solve the Mediterranean nation’s debt crisis.
Krugman said creditors were dictating domestic policy by continually rejecting Greek proposals on the grounds that they rely too much on taxes and not enough on spending cuts.
“Talk to IMF people and they will go on about the impossibility of dealing with Syriza, their annoyance at the grandstanding, and so on.
“But we’re not in high school here. And right now it’s the creditors, much more than the Greeks, who keep moving the goalposts.”
Breaking Greece http://t.co/HWTA8pXMRp
— Paul Krugman (@NYTimeskrugman) June 25, 2015
Krugman said if the ‘Grexit’ happens it will be because Greece’s creditors or at least the IMF wanted it to.
The economist was awarded the 2008 Nobel prize for Economics.