To great consternation of much of the euro zone leadership, the Greek people voted to reject the austerity package offered. The vote shows strong support for the governing party, but is far from clear where it will lead.
The next US presidential race looks set to be as unedifying a spectacle as ever. What would a truly progressive election platform look like?
Simon Johnson, former chief economist of the International Monetary Fund, is a professor at the MIT Sloan School of Management, a senior fellow at the Peterson Institute for International Economics, and a member of the CBO’s Panel of Economic Advisers. He is a co-founder of The Baseline Scenario.