{"article":{"id":272219,"heading":"Alice in Schauble-Land: Where Rules Mean What Wolfgang Says They Mean","author":"Karl Whelan","created":"2015-07-18 22:48:23","modified":"2015-07-18 22:48:23","last_modified":"Sun, 19 Jul 2015 06:48:23","article":"

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<\/a>

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.<\/p>\n","contact":"marc1seed@yahoo.com","link":"www.freembtranslations.net","address":"","phone":"","parent_id":0,"mime_type":"text\/plain","summary":"Karl Whelan is a professor of economics at University College Dublin.","numcomment":0,"fileurl":"\/uploads\/","filesize":null,"article_url":"\/news\/2015\/07\/272219.php"},"attachments":[],"comments":[]}