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Friday, May 18, 2012

Update on the Euro Debt Crisis

In view of the new developments in the past 2 weeks, I’d like to update on the eurozone debt crisis.

This 4-part series will first discuss the benefits and the costs of a Greek exit from the euro. Then it’ll argue why the eurozone needs more aggressive monetary expansion if it’s to survive. 
Finally, this series will discuss the future of the euro area. If the euro countries lack a commitment to closer European integration, then the exit of some countries or even a breakup of the eurozone is probably the best outcome in the long run.

Part 1  A Potential Greek Exit from the Euro
Part 2  Grexit: Hard Choices and Inevitable Tradeoffs
Part 3  The Need for More Monetary Expansion in the Eurozone
Part 4  The Future of the Euro Area: Falling Apart or Growing Closer?
Hopefully, these posts will shed some light on how the crisis will unfold in the coming weeks and months. Thank you and please feel free to leave a comment.

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