Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel

By Thomas Piketty, Heiner Flassbeck, Jeffrey D. Sachs, Dani Rodrik, Simon Wren-Lewis. This article was first published on The Nation. Five leading economists warn the German chancellor, “History will remember you for your actions this week.” The never-ending austerity that Europe is force-feeding the Greek people is simply not working. Now Greece has loudly said no […]