Krugman: Prospect of Euro collapse might concentrate their minds…

Perhaps this is what the No campaign is hoping for? Krugman interviewed in the FT:

“No. I don’t think they can save Greece but they can still save the rest if they’re willing to offer open-ended financing and macroeconomic expansion.” But this would mean persuading the Germans to change their philosophy of economic life. “Well, the prospect of hanging concentrates the mind; the prospect of a collapse of the euro might concentrate their minds.”

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  • Zig70

    I used the current dip to convert what little savings I have to bank shares. So that means it’s going to collapse as I’ve always been ‘unlucky’ with calculated gamble. Hard to comment without stereotyping Germans but it seems that Merkel’s opinion is not necessarily that of ordinary decent Germans.