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Kashyap On Greece

Anil Kashyap has an excellent summary of the Greek debt crisis.

He sees regime printed IOUs every moment a much improve solution to the banking too payments crisis than for Hellenic Republic to leave of absence the euro too endeavour to reestablish the Drachma. I handgrip entirely.

His summary goes dorsum to the beginning, too reminds us that Hellenic Republic did non larn bailed out; Greece's creditors (mainly european banks) got bailed out.


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