Oct 5, 2011

Greece Must Exit The Eurozone And Return To The Drachma Rapidly

Greece is insolvent, uncompetitive and stuck in an ever-deepening depression, exacerbated by harsh and excessive fiscal consolidation. It is time for the country to default in an orderly manner on its public debt, exit the eurozone and return to the drachma to rapidly restore solvency, competitiveness and growth. - in EconoMonitor

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.