Anil Kashyap has an excellent summary of the Greek debt crisis.
He sees authorities printed IOUs every 2nd a much ameliorate solution to the banking as well as payments crisis than for Hellenic Republic to larn out the euro as well as endeavor to reestablish the Drachma. I grip entirely.
His summary goes dorsum to the beginning, as well as reminds us that Hellenic Republic did non larn bailed out; Greece's creditors (mainly european banks) got bailed out.
He sees authorities printed IOUs every 2nd a much ameliorate solution to the banking as well as payments crisis than for Hellenic Republic to larn out the euro as well as endeavor to reestablish the Drachma. I grip entirely.
His summary goes dorsum to the beginning, as well as reminds us that Hellenic Republic did non larn bailed out; Greece's creditors (mainly european banks) got bailed out.
