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A Greek default must go the whole way and leave the euro
Monday, April 20, 2015 11:58
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Greece can only become competitive if it leaves the euro and lets its currency depreciate sharply, says Roger Bootle
An end to the Greek crisis has been a long time coming. So much so, that it is now easy to believe that it will never come. The Greeks and their creditors may simply continue to “kick the can down the road”.
But the can appears to have been kicked into a cul-de-sac. Greece had evidently hoped that it could persuade the IMF to allow it to defer payment of the €1bn due in two amounts on May 1 and May 12. The IMF has said no . No developed country has ever defaulted to it, or even been granted a postponement of payment …. https://uk.finance.yahoo.com
Source: http://luismmx.blogspot.com/2015/04/a-greek-default-must-go-whole-way-and.html
