Ignoring the Hippopotamus next door … « Freethinking Economist

A Greece restructuring is all but inevitable, but the cost associated with making Greek creditors whole is very small relative to the potential losses associated with continued chaos. … Right now the politics of a bigger German bail-out of southern Europe look deadly, but so did the politics of massive bail-outs of Wall Street financial institutions.

Ignoring the Hippopotamus next door … « Freethinking Economist

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