A number of articles from The New Yorker magazine have outlined the problems facing Greece’s anti-austerity party Syriza. The party came to power on the election promise of reducing Greece’s debt burden and to liberate Greece from the Troika – the ECB, the IMF and the European Commission. However the extension recently granted to Greece will take place only within the framework of the existing arrangement. The budgetary targets for 2015 and 2016 have kept the economy stuck in recession.
* the Greek economy has contracted by 30% since 2008.
* 25% of the workforce are officially unemployed
* 50% of those under 24 years of age are unemployed
* 40% of Greek children live below the poverty line.
Money has been flowing out of the economy leaving the banking system on the verge of collapse see graphic from The Economist.
As with the Keynesian doctrine, Syriza’s solution in to…
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Utopia, you are standing in it! 
Apr 06, 2015 @ 11:26:13
Just as well Keynesian economics works whereas Classical economics doesn’t.
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Apr 06, 2015 @ 12:51:57
but see https://utopiayouarestandinginit.com/2014/03/31/lessons-from-how-australia-came-out-of-the-great-depression/
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