The case for a Grexit

When the problem of Greek debt first started gaining attention five years ago, few people thought it would end with a Greek withdrawal from the Euro. With a Greek exit looking more likely, that consensus is changing but there it is still commonly thought that such a withdrawal would be a disaster. Would it be worse than the status quo?My own view is that a Greek exit, while not an inevitability, is now more likely than not and that it might be the only way to save the Greek economy.The central problem with Greece is that the economy is burdened...

When the problem of Greek debt first started gaining attention five years ago, few people thought it would end with a Greek withdrawal from the Euro. With a Greek exit looking more likely, that consensus is changing but there it is still commonly thought that such a withdrawal would be a disaster. Would it be worse than the status quo?

My own view is that a Greek exit, while not an inevitability, is now more likely than not and that it might be the only way to save the Greek economy.

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