Should Greece Remain in the Eurozone?
Robert L. Hetzel
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Robert L. Hetzel: Federal Reserve Bank of Richmond
Economic Quarterly, 2014, issue 3Q, 241-278
Should Greece remain in the Eurozone at the cost of continued deflation and recession? Alternatively, is it realistic to believe that Greece can return to prosperity by leaving the Eurozone and readopting its own national currency, the drachma? An answer to these questions requires an understanding of why Greece has suffered prolonged recession.
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