Greece should leave the euro
Greece should devalue a restored drachma to a level that makes investment in the country highly attractive again
The risks of Grexit may well be less now than the risks of Greece remaining in the eurozone. The country is currently transitioning from a dysfunctional economy to a non-functional one. It is tied into an exchange rate that is too inflexible to enable the country to stimulate demand from overseas at a time when it has mass excess capacity, an unemployment rate of 25 ...
