Greece Is Tearing Europe Apart Politically, Socially and Economically: William Black


The Daily Ticker on Yahoo has the story and interview headlined Greece Is Tearing Europe Apart Politically, Socially and Economically: William Black.

I think the headline is slightly off in that it might give you the impression that William Black thinks Greece is at fault here.  More to his point is the remark:

“Austerity…is an inconceivably awful policy,” Black says. The European periphery nations are suffering great depressions — not recessions – he notes, and the region’s best and brightest are emigrating from Europe because of high unemployment and economic uncertainty.

One thing about William Black, a former senior financial regulator and author of the book The Best Way to Rob a Bank is to Own One, he doesn’t mince words.

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