Gunboat Diplomacy: Greece and Europe

It is important to remember exactly what is at stake in the Greek referendum. As Jerome Roos reminds us, austerity has decimated Greek society:

Greece has by now lost a quarter of its total economic output since the start of the crisis. Unemployment is still higher than it was in the United States during the Great Depression. Public health and other public services have completely imploded. Almost 1 million Greeks are without health insurance; 11.000 people are estimated to have committed suicide as a result of economic hardship.

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