Draco, the seventh-century BC Athenian legislator from whom we get the word “draconian” replaced the system of blood feud and oral law with a harsh, but transparent, written legal code. One of the provisions of Draco’s code was that any debtor whose status was lower than that of his...
Posted to
Global Emerging Markets (GEMs)
by
Charles Krakoff
on
03-05-2012
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Filed under: Germany, unemployment, GEMs, Greece, euro, Greek, Charles Krakoff, Eurozone, keynes, reparations, International Monetary Fund, European Central Bank, debt crisis, The Economic Consequences of the Peace, European Commission, draconian, troika, Elena Panaritis, Draco