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Prof. Nicholas Economides on the shutdown of ERT in Greece

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Excerpt from HuffPost Live -- "There is no doubt it was done for economic reasons. The state TV was not particularly critical of the government or there was no dispute between the state TV and the government so it was not a target of that sort. Now, it has to be clear that there is heavy unemployment in Greece, but the people who are unemployed are people in the private sector, not the public sector. The public sector is huge - hundreds of thousands of people, and it burdens the private sector so much that we have this very high unemployment. So no matter if this was done in the right way or the wrong way, there has to be a way for the public sector to be reduced in Greece. Otherwise there is no future for Greece."

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