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Hazardous Greek-Exit Scenario May 15, 2012

Posted by proeconomia in Main, Monetary policy, News on Greece, On the crisis, Opinion.
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A well-structured article from the WSJ, read it through. Makes several points worth noting, especially in terms of the current treaties which do not have a proviso for an exit from the eurozone and the very different economic conditions that helped other countries during currency devaluations to regain competitiveness.

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