The Greek Debt Crisis as Asymmetric Economic Warfare

In answer to an inquiry from a reader, my take on the Greece crisis is that the politics vs. economics dilemma is pretty thorny for everyone involved. (See Nicolas Nagle’s WPR briefing today for a great background on that.) But the stakes are too high to let Greece or the euro fail, and so eventually, everyone is going to have to bite at least part of the bullet to seal a deal. Everything going on right now is brinksmanship, with everyone trying to get the best deal possible for their particular interests. But a neglected part of the story here […]

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