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Conclusion
The worst option for Greece and the banks is for Greece to stay the course for years (as it has) then eventually give up (which it will).
The best option from the point of view of Greece (as well as the EMU) is for Greece to default and kiss the Eurozone goodbye, right now.
Unfortunately, misguided politicians, Eurocrats, ECB officials, and analysts have gotten in the way, with dire consequences for Greece, European banks, and the entire Eurozone.
http://finance.townhall.com/columnists/mikeshedlock/2012/01/05/greeces_least_bad_option
Conclusion
The worst option for Greece and the banks is for Greece to stay the course for years (as it has) then eventually give up (which it will).
The best option from the point of view of Greece (as well as the EMU) is for Greece to default and kiss the Eurozone goodbye, right now.
Unfortunately, misguided politicians, Eurocrats, ECB officials, and analysts have gotten in the way, with dire consequences for Greece, European banks, and the entire Eurozone.
http://finance.townhall.com/columnists/mikeshedlock/2012/01/05/greeces_least_bad_option
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