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Monday, May 14, 2012

Consequences of a Greek Euro-exit

This analysis by Yiannis Mouzakis is the best analysis of the consequences of an Euro-exit for Greece that I have read as yet. I think it is a bit extreme because it assumes that neither EU nor ECB would provide funding for Greece after an exit from the Eurozone. Personally, I cannot envisage that European institutions would allow Greece to literally fall off the cliff. But even if Greece is not allowed to fall off the cliff, the consequences would still be dramatic enough!

My suggestion: translate this into Greek and distribute it to every household (and voter!).

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