It is better for all concerned, in particular for Greece, if the country leaves the euro

European Tribune: Get your policy recommendations six months early.

Quoting myself:

In the longer term, Greece can rebalance its foreign trade, but in the short term, "default and print money" is the only solution, and the only choice Greece and Europe has is whether it happens before or after the Greek economy has ceased to exist

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.