For Greece, the worst catastrophe now would be to stay in the eurozone | Simon Jenkins | Comment is free | The Guardian

Talk of Greek bankruptcy and its dropping the euro as “an abyss … a nightmare … chaos … unthinkable anarchy” is bankers’ drivel. It will be tough to handle – made vastly more so by being delayed, unplanned and enforced. But handled it must be. Greece is bankrupt. It cannot pay its debts, let alone any more forced on it by “bailout”. There must be a managed default and a restarting of the engine of recovery. That is the only “deal” that should be discussed this weekend.

via For Greece, the worst catastrophe now would be to stay in the eurozone | Simon Jenkins | Comment is free | The Guardian.

Both comments and trackbacks are currently closed.
%d bloggers like this: