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Tuesday, May 22, 2012

Becker on Grexit

" Nevertheless, I believe Greece in the long run would be better off through having the additional flexibility from controlling its own currency."

Duh.

It's shocking to me that all the analysts are dreading Grexit like it's a bad thing.  It's not a bad thing relative to alternatives.  Staying with the Euro and at the mercy of Germany and the European Bank is a much less tenable long-term solution that just draws the painful process out, puts the Greeks through an incredible pinch, and shows Europe's dysfunction.

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