- Even the proposed deal reached during acrimonious negotiations over the weekend isn’t nearly enough to bring Greek debt anywhere near sustainable levels, nor is it going to revive Greek growth.
- More financing and debt relief, necessary in large measures on top of the agreement according to the IMF, are not forthcoming either. So Greece is left bungling.
- What it should do is introduce as many reforms as necessary under the political cover of the agreement to make export growth work and prepare for Grexit.
The Idea Of A Temporary Grexit Is Rubbish | Seeking Alpha
January 4th, 2016 · No Comments