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Friday, June 26, 2015

Some say back to the drachma for a Greek reboot

Greece's economy is so depressed, they argue, that unless it regains the competitive edge a massive one-off currency devaluation could offer, it will remain lifeless. Roger Bootle, the founder of London-based markets and economic analysis group Capital Economics, won an economics prize of 250,000 pounds ($395,000) three years ago for drawing up a guide on how an ailing nation would exit the euro.


READ THE ORIGINAL POST AT uk.news.yahoo.com