to read Karl Whelan's article published on medium.com in July 2015, click on
https://medium.com/bull-market/alice-in-sch%C3%A4uble-land-where-rules-mean-what-wolfgang-says-they-mean-f0f327fa8a6d The “Greece Broke the Rules” Meme
Beyond Mr. Schäuble’s selective interpretation of Europe’s rules, there has been a wider commentary in recent weeks implying the necessity of being tough on Greece because it has “broken the rules” of the Eurozone...
The rules that Tsipras has broken are unwritten rules that reflect the power the euro area’s creditor states have to ruin any member states that don’t do as they are ordered. Accepting such a large loan from these states in 2010 was probably the biggest mistake in Greece’s economic history. Indeed, I would bet most Greeks wished now there really had been a no-bailout rule.
