Macro Musings with David Beckworth cover image

60 – Matt Klein on Greece, Optimal Currency Areas, and Safe Assets

Macro Musings with David Beckworth

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The Eurozone's Debt Rollover

Greece has been mired in a great depression for many years, seemingly. So the expectation is it will run these budget surpluses for 10 years even though more than that. The IMF has suggested one option would be to just cut the number that's owed. But at the same time, you can understand why it's hard to justify this kind of straightforward debt haircuts.

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