Foreign Policy: Greece needs to start playing hardball with Germany

“It is ludicrous for some to suggest that Greece would become as poor as neighboring Bulgaria if it left the euro. Greece was much richer than Bulgaria before it joined the euro and living standards in new euro members such as Latvia haven’t leapt since they joined. So why should Greece’s living standards be permanently lower if it left?

The costs of a ‘Grexit’ to the rest of the eurozone, though, would be substantial.

http://foreignpolicy.com/2015/04/10/greece-needs-to-start-playing-hardball-with-germany/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.