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is a mistake to unelected officials in charge of Italy and Greece

Consider for a moment the hurt feelings of the plutocrats. It is the goal of returning to watch the events which stretches from Oakland to Norwich. It is denounced by the Archbishop of Canterbury. Goodness, even those carefully placed "new" about how George Osborne should withdraw tax the super-rich, which, when ordered at least to a respectful audience, now meet with perplexity joy of a country suspected a rope. At this point, the penny drops moccasins:. They are called 1%, because they feel alone

But through all the cold fronts a little sunshine to PEEP. That's why the gym polite company captains pilot financial industry and all other members whose subs are simply too high to qualify for 99% of the club must have a brave smile on changes in the regime Last week in Italy and Greece. Because the exchange with Mario Silvio, with Papandreou Papademos, shows that the method of this very shame dumped on the result of free market fundamentalism, the arguments used to justify remain powerful.

the last days, the debate on the usurpation of democratic leaders in southern Europe by the unelected technocrats was as follows: general rejoicing in the downfall of Berlusconi, a little light on to the forefront of what she says about the euro area by respecting the will of its people, and many use phrases like "good hands." The consensus was that this is politically incorrect (sub- heard: Once again, the fragile democracies of southern Europe need the roller wheels), but probably for the best economic times

What kind of argument to support the neo-liberals everywhere implicitly accepting, as they have the best tools to manage an economy. Even the term technocrat is extraordinary, which seeks to divorce economics from politics, when all that happens is that the material interests disguised in ordinary water rental

So let me explain why these assumptions are false. Why the imposition of unelected officials at the head of two European governments is both bad policy and bad economics

You can say, at least they are fully trained economists able to identify appropriate policies for their country. Unless the Greeks are about what they said by the decision of the euro area economy - and that does not work. Under the tutelage of the rest of the EU and the IMF, Mr. Papandreou has taken a major fiscal adjustment in the history of post-war - with the result that Greece was plunged into depression and debt increased more

And there is little evidence that they have an economist to run the economic policy of his country does not help at all. Last week, Joachim Wehner Hallerberg the LSE and the mark of the Hertie School of Governance in Berlin published a study that assessed the educational levels of political leaders across Europe. Since 1973, 69% of finance ministers of Greece and 55% of those of Portugal had a doctorate in economics, a degree unknown to all the British Chancellor
In his book 23 things that do not say about capitalism, the Cambridge economist Ha-Joon Chang points than politics in recent economic history in Japan, Taiwan, China and South Korea has been largely provided by lawyers or engineers. India and Pakistan, on the contrary, many economists were in charge of the treasure - but his record has not been a match for the Asian tigers. The euro is probably the highest point in the economy without ostensible policy.

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