Kashyap On Greece
Anil Kashyap has an excellent summary of the Greek debt crisis.
He sees regime printed IOUs every 2nd a much improve solution to the banking as well as payments crisis than for Hellenic Republic to larn out the euro as well as endeavor to reestablish the Drachma. I manage entirely.
His summary goes dorsum to the beginning, as well as reminds us that Hellenic Republic did non larn bailed out; Greece's creditors (mainly european banks) got bailed out.
He sees regime printed IOUs every 2nd a much improve solution to the banking as well as payments crisis than for Hellenic Republic to larn out the euro as well as endeavor to reestablish the Drachma. I manage entirely.
His summary goes dorsum to the beginning, as well as reminds us that Hellenic Republic did non larn bailed out; Greece's creditors (mainly european banks) got bailed out.
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