Greek lessons from John Major, Latvia and Ireland

FT Alphaville » Latvia 2013-08-01

Summary:

So, bondholders (if they “agree”) will give Greece more of a fighting chance to tackle its debt burden. But Greece will also have to pull its own weight.

Without its own currency, what is the best course of action? John Major, former UK prime minister, proposes (in Thursday’s FT) a strategy akin to Latvia’s ‘internal devaluation’: (emphasis ours)

Continue reading: Greek lessons from John Major, Latvia and Ireland

Link:

http://ftalphaville.ft.com/2011/10/27/714061/greek-lessons-from-john-major-latvia-and-ireland/

From feeds:

euro-exit » FT Alphaville » Latvia

Tags:

greece capital markets ireland austerity latvia baltics john major renaissance capital

Authors:

Alastair Marsh

Date tagged:

08/01/2013, 07:30

Date published:

10/27/2011, 08:05