Edmund Phelps Quotes
No amount of debt restructuring, even debt forgiveness, will help the Greeks achieve real prosperity. What they need is not short-term relief but, rather, a long-term cure.
Topics
Monetary Policy
Prosperity
Debt Forgiveness
Economic Recovery
Economic Reform
Economic Stability
Financial Crisis
Fiscal Responsibility
Forgiveness
Tax Reform
Job Creation
Financial Stability
Debt Management
Debt Restructuring
Financial Relief
Fiscal Stimulus
Greek Economy
Investment Incentives
Long-Term Solution
Structural Adjustment
Sustainable Growth
Citations
Phelps, Edmund S. "Greece's Real Crisis." Project Syndicate, 22 Jul. 2015.
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Edmund Strother Phelps (born July 26, 1933) is an American economist and the recipient of the 2006 Nobel Memorial Prize in Economic Sciences.