Clinton/Sanders - Greek Debt Crisis

Dear Friends,

The Greek debt crisis is a defining moment for Europe both financially and politically.  It could also have significant global financial implications.  It is a really big deal.  The entrenched financial and political powers in Europe want to continue to force austerity as a pathway to growth notwithstanding the fact that it does not work and in the case of Greece has caused a 25% reduction in GDP over the last five years.  Greece need significant debt relief and government spending to stimulate the economy as well as some financial reforms.

Bernie Sanders' position is and has been very clear.  He urged the Greeks to reject the further austerity measures, and he blasted Greece's creditors.  Hillary Clinton has not said a word that I can find on the subject.  She is apparently waiting to see how things shake out.  If I were to speculate about where she is on the issue, it would be in support of the creditors.  But the point is not what her position is, the point is that she has no position.  The world is focused on this issue, and she has no position and makes no comment.  That is not leadership.

Thanks for reading and please comment,
The Unabashed Liberal