Greek Endgame

A useful reminder that a Greek exit, while fully anticipated, will still hurt – big time. As such, calls for renewed European fiscal expansion and additional monetary impetus are hardly going to fade…
A permanent precedent, Financial Times, 17 May 2012
Fiscal Consolidation: How much, how fast and by what means?, OECD Economics Policy Paper, 12 April 2012
UK Article IV Consultation, IMF Mission, May 22, 2012