The Dutch gentleman is not wrong, and I wish he went further in saying the truth.
While the Greeks were the masters of their own economic and government fiscal problem, the grand drama that played out in Europe over how to “rescue Greece” showed it was NOT about rescuing Greece, it WAS about rescuing the Euro.
And, in my own opinion, and in spite of the difficult adjustments that Greece, and the Euro-zone would have had to make, I do believe that Greece would have been (and may still be) better off, in the long run, if it had taken on a managed default process that, in addition, took it back to use of its own currency.
I think the Dutchman would be helping his nation if his argument could obtain the support of a majority of his fellow citizens.
Evans-Pritchard says in the article that the study co-author, Dumas, says he expects that Greece will opt for a “negotiated exit” later this year and Portugal will follow in “short order”.
Yes. And it doesn't take a Philadelphia lawyer economist to see that the costs of preserving the Euro far outweigh the illusory benefits of having it in the first place. Wilders has pointed out that the Euro has no clothes.