Germans Forget Debt Relief History Lesson in Greece Crisis by EDUARDO PORTER


By EDUARDO PORTER

As policy makers know well — and Germany perhaps better than any — major debt overhangs are solved only by writing down the debt. And the longer the delay, the deeper the pain.

Published: July 7, 2015 at 08:00PM

from NYT Business Day http://ift.tt/1RiPOQp

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