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Anders Åslund explains that a Greek exit from the euro would produce chaos and bank runs throughout Europe and inevitably lead to a breakup of the euro area itself.
RELATED PUBLICATIONS
Policy Brief 12-20: Why a Breakup of the Euro Area Must Be Avoided: Lessons from Previous Breakups [pdf] August 2012
RELATED INTERVIEWS
Are Tax Avoidance 'Havens' a Bad Thing? Part I May 24, 2013
Peterson Perspectives Interview: Are Tax Avoidance 'Havens' a Bad Thing? Part II May 24, 2013
Malaise and Paralysis in France? May 1, 2013
Is Austerity Being Reconsidered in Europe? May 1, 2013
Italian Political Chaos: Situation Normal April 2, 2013
What Happens Now to Tax Havens in Europe? April 1, 2013
Germany's 'Self-Defeating' Policies Toward Southern Europe March 29, 2013
A 'Crisis of Stupidity' in Europe? Part I March 20, 2013
A 'Crisis of Stupidity' in Europe? Part II March 20, 2013
European Fumble in Cyprus? March 19, 2013