Anil Kashyap has an excellent summary of the Greek debt crisis.
He sees regime printed IOUs every 2nd a much amend solution to the banking in addition to payments crisis than for Hellenic Republic to leave of absence the euro in addition to endeavour to reestablish the Drachma. I concur entirely.
His summary goes dorsum to the get-go , in addition to reminds us that Hellenic Republic did non instruct bailed out; Greece's creditors (mainly european banks) got bailed out.
Monday, August 21, 2017
Kashyap on Greece
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