Economy

Demeter

(85,373 posts)

31. Wolfgang Münchau: Why Greece and Portugal ought to go bankrupt

Mon Feb 13, 2012, 10:14 AM

Feb 2012

Some say it would be better to force Greece out of the eurozone right now, and use the funds to save Portugal. I disagree. I personally believe it would be best to recognise the desolate state of both countries, let both default inside the monetary union, and then use a sufficiently increased rescue fund to help them to rebuild themselves, and to ring-fence the rest at the same time

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