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Commentary :: International
Alice in Schauble-Land: Where Rules Mean What Wolfgang Says They Mean
18 Jul 2015
Karl Whelan is a professor of economics at University College Dublin.
to read "Alice in Schauble-Land: Where Rules Mean What Wolfgang Says They Mean" published in July 2015, visit

https://medium.com/bull-market/alice-in-sch%C3%A4uble-land-where-rules-m

The “Greece Broke the Rules” Meme

Beyond Mr. Schäuble’s selective interpretation of Europe’s rules, there has been a wider commentary in recent weeks implying the necessity of being tough on Greece because it has “broken the rules” of the Eurozone...

The rules that Tsipras has broken are unwritten rules that reflect the power the euro area’s creditor states have to ruin any member states that don’t do as they are ordered. Accepting such a large loan from these states in 2010 was probably the biggest mistake in Greece’s economic history. Indeed, I would bet most Greeks wished now there really had been a no-bailout rule.
See also:
http://www.freembtranslations.net
http://www.openculture.com
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