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.” Mick FealtyMick is founding editor of …
