In the Media | March 2015

Greek Debt: Do the Right Thing

By Dimitri B. Papadimitriou
The Huffington Post, March 18, 2015. All Rights Reserved.

"Greece's government and people have indulged in excesses and corruption; now it is time to pay the price." The argument for full repayment of Greece's debt is well known, easily understood, and widely accepted, particularly in Germany. Sacrifice, austerity and repayment are righteous, fair, and just.

That view is coloring this and next week's coming meetings between Greece and its international lenders, and with European leaders. A revision of Greece's debt terms has not been on the agenda. 

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