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Post by arfanho7 on Feb 25, 2024 5:08:12 GMT
Whatever the outcome of the Greek referendum what s necessary for the future is sustainable growth. The view that monetary sovereignty independence could be used wisely does not take into account that the type of government that has driven Greece to the edge of the cliff is not the type of government that would enact the reforms Greece needs to grow including better tax collection better infrastructure and a better business climate. Another ingredient that makes this situation so sad is that the Greek people want to be part of Europe and Europe wants them to be part of the European Union. Unfortunately the government s promises that life as the Greeks have come to know it could go on as usual were out of sync with reality. Hopefully cooler Ukraine Mobile Number List heads will prevail in the days ahead. — Laura Alfaro Laura Alfaro is the Warren Alpert Professor of Business Administration at HBS. She has focused extensively on international capital flows foreign direct investment and sovereign debt and served as Minister of National Planning. Economic Policy in her native Costa Rica from to . Europe Needs More Europe Greek government has played with the Eurozone is at its end. It is a painful moment and a critical juncture for Europe. The question is not if after all the misery Greece might be better off without the euro it would not or if the Eurozone would suffer from financial contagion if it became clear that the common currency is breakable it would.
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