Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel | The Nation, George Soros on China
Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel | The Nation : "EUROPE GREECE Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel EUROPE GREECE Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel Five leading economists warn the German chancellor, “History will remember you for your actions this week.” By Thomas Piketty , Jeffrey Sachs , Heiner Flassbeck , Dani Rodrik and Simon Wren-Lewis JULY 7, 2015 Facebook Twitter Email German Chancellor Angela Merkel, June 29, 2015. (Reuters/Fabrizio Bensch) T he never-ending austerity that Europe is force-feeding the Greek people is simply not working. Now Greece has loudly said no more. Global campaign group Avaaz organized this open letter to Angela Merkel on the back of a petition, signed by over half a million Europeans, demanding an end to the failed austerity program in Greece. As most of the world knew it would, the financi...