
Greece: Don’t take it at face value
On 30 June, Greece defaulted on its loan repayments to the IMF. Providing a counterpoint to anti-austerity commentaries, Richard Corbett, Member of the European Parliament from 1996-2009 and since 2014, argues that the bailout loans and the debt restructuring that Greece received were a show of European solidarity, rather than imposing austerity. Had they not attenuated the pain, he explains, the plight of Greece would … Continue reading Greece: Don’t take it at face value