After reading about the hard choices that face Greece (see Baseline Scenario), my main thought is "there is no such thing as a free lunch." Why don't they just default and be done with it?
I agree. By not taking any rigorous action, Greece is just pulling the rest of the eurozone down with it. The euro depreciated against the dollar for the fifth day in a row and is at an all time low against the yen. I wonder when the rest of Europe will say enough is enough and force Greece out of the eurozone.
I agree. By not taking any rigorous action, Greece is just pulling the rest of the eurozone down with it. The euro depreciated against the dollar for the fifth day in a row and is at an all time low against the yen. I wonder when the rest of Europe will say enough is enough and force Greece out of the eurozone.
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