Friday, May 25, 2012

'Right Now, We Need Expansion' PAUL KRUGMAN INTERVIEW DER SPIEGEL

''SPIEGEL: Mr. Krugman, does Greece have to leave the euro zone?

Krugman: Yes. I don't see too much alternative now. It's going to be terrible in the first year if they do leave. So I am really reluctant to say that it's a little bit like shouting "Fire!" in a crowded theater, but what is the realistic option here? It's not as if anything anyone's proposing has any hope at all of getting them out of the mess they're in.

SPIEGEL: If Greece should leave, will this finally contain the euro crisis or, rather, make things worse?
Krugman:..

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