As usual, Paul Krugman offers some clear thinking about where we are in the Euro crisis and what might happen next. Where are we? The Greek game is over. Like it or not, the Greeks will not be able to continue down the path that was dictated for them. And if the Greeks exit and default? Well, that would create a crisis. Can this be managed? Yes. But only with clear thinking and decisive policy moves. Time to wake up and sniff the coffee.
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