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 ]