An open letter to Angela Merkel to ask her about cut the Greek public debt, preventing the European Union from sinking into a crisis. It was not the Greek government, nor the outgoing minister Varoufakis who wrote it, but a group of internationally renowned economists (among them the names, among others, of Thomas Piketty, Jeffret Sachs and the former German undersecretary for the economy stand out Heiner Flassbeck) who published the letter on the online site of 'The Nation' magazine.
The letter reads that "the medicine administered to Greece bled the patient to death without curing him" and invites international creditors to evaluate "a correction of the path to avoid a further disaster and allow Greece to remain in the Eurozone". A public debt cut would be much less serious than the collateral damage of a Grexit: “the disappearance of hope, democracy and well-being in Europe”.
