Dean Baker: New Leftist Greek Leaders Being “Very Smart” to Challenge German-Imposed Austerity

Economist Dean Baker discusses last month’s victory of the left-wing Syriza party in Greece. This marked the first election victory in Europe of an anti-bailout party bent on reversing deep cuts demanded by international lenders. Baker praises the initial moves by the new government but warns Greece needs an “exit option” to leave the European Union.