The South African Civil Society Information Service

Jayati Ghosh: 'Greece is Nearing the Endgame'

30 May 2012

Greece is nearing the endgame, contends internationally acclaimed economist, Professor Jayati Ghosh of the Jawaharlal Nehru University in New Delhi, India - but it could still go either way, as the recent politics of Europe suggest that there might be a wider attempt to change the austerity policies of the region, which people all over Europe are voting against.

If it continues with the implementation of austerity measures, Greece can't stay in the Eurozone and be competitive. So the country has become a signal for the future of the Eurozone. If Greece leaves, Portugal, Ireland, Spain and even Italy are next in line, she argues. Now its a question of who blinks first, says Ghosh.

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