From the UK Telegraph: “This tragedy does not have a solution,” said Hans-Werner Sinn, head of the prestigious IFO Institute in Munich.“The policy of forced 'internal devaluation', deflation, and depression could risk driving Greece to the edge of a civil war. It is impossible to cut wages and prices by 30pc without major riots,” he said, speaking at the elite European House Ambrosetti forum at Lake Como.....read on
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