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Will Greece Set Sail from the Euro? - Lord Abbett

Posted by Seton McAndrews | CFP®, Vice President Investments
September 12, 2012

Lord Abbet's Milton Ezrati examines the situation in Greece and its membership within the Euro. "German politicians seem to have lost patience with Athens. Blustering about throwing good money after bad, they have shown a new eagerness to throw Greece out of the currency union, at least a rhetorical one. They are not alone. Similar sentiments have surfaced in Austria, Finland, the Netherlands, even in Estonia. Understandable as such talk is, an expulsion of Greece is not so easy as these naysayers seem to believe, and would almost surely cost the eurozone more than further accommodation would, a lot more. On the assumption that politics will follow at least vague cost-benefit calculations, likelihoods, then, suggest that Europe, for all the tough talk, will find a way to keep Greece in the currency union."

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