Unintentionally, the Greeks have done themselves a favour. Soon, they will be out of the euro
In citing the example of German debt relief to justify another bailout for Greece, the French economist Thomas Piketty fails to see that you cannot have debt cancellation without asset write-downs, which devaluation would deliver in the least painful way
Origen: Unintentionally, the Greeks have done themselves a favour. Soon, they will be out of the euro
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