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 Importance of Leaving the Euro

Greece's economic crisis is the longest recession induced by macroeconomic policies. The IMF says it would have been far better for Greece to leave the Euro than go through this. But leaving the euro area prevents Greece from doing the kinds of things that other countries could do if faced with these kinds of downturns, John Defterios writes.

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