I've argued this week that it's probably time for Greece to leave the euro, and that its euro-zone partners should err on the side of generosity in easing its departure from the common currency project. And since Greece's exit would likely mean an eventual default on its debts anyway, it would be sensible for Europe to preemptively offer the country debt forgiveness on its way out the door. A parting gift of that sort could ease the pain of Greece's departure, and put its economy on a smoother road to recovery.
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