Knowledge@Wharton: Jeremy Siegel: How a ‘Grexit’ Could Strengthen the Eurozone: Audio & Text

Ted

FYI: Jeremy Siegel discusses what the Greek debt crisis means for the U.S.
Regards,
Ted
http://knowledge.wharton.upenn.edu/article/how-the-greek-debt-crisis-impacts-the-us/

Sven

I guess the Professor is wrong on the outcome.

My feeling is at this time — and especially a week from now in the referendum — the Greek people will say, “We will accept these conditions. We’re not happy, but we see the alternative is much worse.”

davidrmoran

Accepting the conditions, whatever they are, will not have any efficacy. You cannot 'austere' (if that is what is meant) your way here to economic improvement or health.

Wolfgang Munchau in FT:
If you have been unemployed for five years, with no prospect of a job, it makes no difference whether the money you do not get is denominated in euros, or in drachma.

Anna

davidrmoran said:

You cannot 'austere' (if that is what is meant) your way here to economic improvement or health.

You might enjoy this (if it links ok).
http://translate.google.com/translate?hl=en&sl=de&u=http://www.zeit.de/2015/26/thomas-piketty-schulden-griechenland&prev=search

Piketty: When I hear the Germans now say that they maintain a very moral dealing with debt and firmly believe that debts must be repaid, then I think: That's a big joke! Germany is the country that has never paid his debts. It can be obtained in other countries no lessons.