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Why A Greek Exit From The Euro Isn't Inevitable
As we head towards another deadline for Greece, during which they must convince the troika that austerity is on track, there is growing speculation that Greece may be forced out of the Euro. A "Grexit" to use a popular term. Well, maybe, but here's why it's not inevitable. First, from Germany's point of view, Greece's presence in the Euro isn't the real problem; it's the money Greece owes. In fact, Greece's recession is if anything creating downward pressure on the Euro which helps Germany's exporters. The notion that Germany may force Greece to leave the Euro is based on the flawed assumption that this would be ... (full story)
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- Jul 31, 2012 12:58pm Jul 31, 2012 12:58pm
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- Timetraveler
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Don't Fight Forces, Use Them.