I am back from Cuba and have a long list of posts in my mind, both from the conference I attended and from talking to Cubans on the street. Coming soon.
However, these days I can’t stop thinking about a topic closer to home, at least mentally – the Greek/European tragedy unrolling over the last weeks with popular referenda, meetings behind closed doors and politics winning over economic arguments. All culminating with the reluctant approval of the demanded austerity reforms (here a version annotated by former Finance Minister Varoufakis) by the Greek parliament amidst widespread doubts as to their effectiveness, while Greek youth throwing molotov cocktails clashed with police outside the debate’s doors.
Among the demands is an even harsher restructuring of the value-added tax system in an effort to increase government revenue and service the country’s unsustainable debt, which in 2014 had reached 177% of its GDP.
View original post 1,278 more words