Monday, 29 June 2015

Paul Krugman: "I would vote no"

from Paul Krugman's blog on NYT.

OK, this is real: Greek banks closed, capital controls imposed. Grexit isn’t a hard stretch from here — the much feared mother of all bank runs has already happened, which means that the cost-benefit analysis starting from here is much more favorable to euro exit than it ever was before.
Clearly, though, some decisions now have to wait on the referendum.
I would vote no, for two reasons.

[ to read the rest of Paul's analysis, click here ]

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