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Saturday, May 2, 2015

Greece Is Stuck With the Euro, and Vice Versa - Bloomberg View

Greece Is Stuck With the Euro, and Vice Versa - Bloomberg View

Changing currencies is no small matter. It requires organization on a military scale, from both elected officials and civil servants. Neither group, to put it kindly, has shown that degree of competence. A lasting recovery would require precisely the kind of fiscal discipline and structural reforms that Tsipras is resisting.

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