Wednesday, March 18, 2015

David Hollanders — An ordered Grexit is economically desirable for everyone willing to lose political face


I suspect that few think that an orderly Grexit is possible. Many see it as a potential catalyst for destabilization, with the possible collapse of the EMU and perhaps even the EU. It's sort of like the concept of "limited war." Wars have a way of escalating and potentially getting out of hand. Failure to recognize that neoliberal globalization is economic warfare will lead to half-baked analysis and decision making.

Real-World Economics Review
An ordered Grexit is economically desirable for everyone willing to lose political face
David Hollanders

No comments: