60 – Matt Klein on Greece, Optimal Currency Areas, and Safe Assets
Macro Musings with David Beckworth
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The Greek Crisis and the German Economy
FT Alphaville editor Matt Welch talks about some of the recent articles he's seen. He says there has been an ongoing issue over how much Greece should borrow to repay its debts. A new paper by a German economist argues that this is not reasonable and needs to be adjusted. The author also points out that it would take at least two percent of output every year for decades, potentially more than three per cent.
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