Greece's Eurozone Exit Is Suicidal

Greece's Eurozone Exit Is Suicidal

The gigantic support programme by the EU and the IMF can only help Greece escape a crash. But the hard landing cannot be avoided. In a sense, Greece now finds itself in "the desert of the real", as its standards of living are adapting to a world without loans, and reflect the actual production of wealth in the country. Staying in the eurozone and pursuing reform is the only chance Greece has. Hopefully, everyone will realise it before descending into chaos.

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