According to economist Thomas Piketty, guest of France Info this morning, “we must find an agreement” to save Greece because “suffocate” the country “is not possible”. “A Greek exit would be a tragedy. Those who say otherwise, those who think that we can discipline the euro area excluding a country, are sorcerers apprentices. These are also people who do not know history. The debt of Germany at the time was more important than that of Greece and yet it was canceled. ”
“I think it must be accepted that the primary surplus of Greece remains low as the country’s level of activity will not be off again.” “It’s normal to demand that Greece has a primary surplus, that is to say that the Greeks pay more taxes than they receive from the state, but ask him a surplus of more than 1% of GDP is not reasonable. ” The heart of the proposal is to ask the creditors 1% excess, then 2% and 3% in 2017. “We need an alternative proposal which is to remain at 1% of GDP … which already amounts to finance all the higher education system in France, “notes Thomas Piketty.
” When Greece has regained a good level of activity, we can ask him for work, but not now “he explains. “We need the Greeks to invest in the future, in youth and in the modernization of their state.” “Everyone must do their part to make it work,” says the economist.
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