ECB Takes Condescending Approach to Greek Recovery

ECB Takes Condescending Approach to Greek Recovery

It does not happen often that I come across such blatant examples of economic incompetence as this report: From Grexit to Grecovery: Greece’s path out of the woods—and what still needs to be done. It discusses the aftermath of Europe’s largest post-Weimar economic disaster: the implosion of the Greek economy a decade ago. Its authors, a team of economists at the European Central Bank, have impressive titles: one is “Deputy Head of Division for E…