NewsWhore
03-12-2012, 05:48 AM
Greece Will Suffer Less If It Leaves Euro Now: Megan Greene (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEITZrib08q6VeLeIbKKXNc6FaBNg&url=http://www.bloomberg.com/news/2012-03-11/greece-will-suffer-less-if-it-leaves-euro-now-commentary-by-megan-greene.html)
Bloomberg
The alternative to internal devaluation is for Greece to default on its debts and abandon the common currency. A new drachma would depreciate massively, boosting Greece's competitiveness almost overnight. Exiting the euro area is not an easy option.
and more » (http://news.google.com/news/more?ned=us&ncl=dQ4VfylZu9m-8zM)
More... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEITZrib08q6VeLeIbKKXNc6FaBNg&url=http://www.bloomberg.com/news/2012-03-11/greece-will-suffer-less-if-it-leaves-euro-now-commentary-by-megan-greene.html)
Bloomberg
The alternative to internal devaluation is for Greece to default on its debts and abandon the common currency. A new drachma would depreciate massively, boosting Greece's competitiveness almost overnight. Exiting the euro area is not an easy option.
and more » (http://news.google.com/news/more?ned=us&ncl=dQ4VfylZu9m-8zM)
More... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEITZrib08q6VeLeIbKKXNc6FaBNg&url=http://www.bloomberg.com/news/2012-03-11/greece-will-suffer-less-if-it-leaves-euro-now-commentary-by-megan-greene.html)