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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

Austerity can only be implemented in the shadow of a concentration camp.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Aug 10th, 2011 at 06:45:55 PM EST
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