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Thursday, March 26, 2015

Mohamed El-Erian : "Missteps and miscalculations that could cost Greece the euro" - FT.com

Missteps and miscalculations that could cost Greece the euro - FT.com

Despite having lots of the economic logic on their side, the newly-elected Greek government is slipping further behind in its goal of restoring economic dynamism, jobs and financial viability. As a result, both Greece and its European partners risk losing control of the one thing they seem to unanimously agree on — namely, maintaining the country within the eurozone. Understanding the five main reasons why this is happening also sheds light on what needs to be done.

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