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The Economist: Forgive Greek debt

  • "Greece should be put into a debt forgiveness program just like a bankrupt African country," writes The Economist, whose latest cover features the Greek goddess Aphrodite pointing a gun at German leadership: "Go Ahead Angela, Make My Day."
  • The magazine's solution: Get new PM Tsipras "to junk his crazy socialism and to stick to structural reforms in exchange for debt forgiveness - either by pushing the maturity of Greek debt out even further, or, better still, reducing its face value."
  • Punished Greek stocks are enjoying a bounce today as new finance minister Yanis Varoufakis makes the rounds in Europe.
  • GREK +9.3%, NBG +10%

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