There is a lot of discussion if Europe should help Greece, now that Athens has announced a dramatic austerity plan that cuts spending to reduce its deficit and debt accumulation.
It is shocking to me that none of the discussion actually provides the actual costs of such a bail out, or presents the probabilities associated with the likelihood that the announced Greek reforms will actually be undertaken.
Marty Feldstein usually does the numbers before he talks. So this is unsettling:
