More on the political economy of the coming Grexit

In February I wrote about the political economy of a Greek default (and euro zone exit), predicting that a Grexit was all but inevitable. In the last few days, there has been an almost feverish debate about this issue, so I wanted to update you with my thinking given how the situation in Greece and the eurozone has deteriorated since February.

Let me start with the draft post I wrote on the issue slated to go up on US News and World Report later today. Here's what I wrote in response to the q...


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