(np) So cute!

[Kai Frederik Lorentzen]

*/Krugman on assuming that Greece had an exit plan from the Euro: /*“…it 
didn’t even occur to me that they would be prepared to make a stand 
without having done any contingency planning ...amazingly - they thought 
they could simply demand better terms without having any backup plan. So 
certainly this is a shock. But, you know, in some sense, it’s hopeless 
in any case. …it’s not as if the terms that they were being offered 
before were feasible. I mean, the new terms are even worse, but the 
terms they were being offered before were still not going to work. So I, 
you know, I may have overestimated the competence of the Greek government.”

http://cnnpressroom.blogs.cnn.com/2015/07/19/paul-krugman-i-may-have-overestimated-the-competence-of-the-greek-government/

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