“Europe's Harsh Deal Puts Greece Into Receivership And Avoids Contagion”, - Paul R. Gregory for Forbes

Paul Gregory, Member of KSE International Academic Board, Professor, University of Houston, comments the situation with EU loans for Greece and Ukraine:

“By my count, the EU has loaned and committed to lend over $350 billion to bail out a country of 11 million that has put itself in its predicament (assuming Greece accepts the EU package). Meanwhile Ukraine has to beg for $10 billion to save itself from Putin’s military and economic aggression. Just look at Anders Aslund’s calculations on how much of Ukraine’s economic losses are due to the war and Russia’s attack on the Ukrainian economy!”

Read the full article “Europe’s Harsh Deal Puts Greece Into Receivership And Avoids Contagion” here