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Curated by Project Syndicate

Greece and the Fate of the Euro

30 commentaries

Crunch time has come for Greece, and perhaps for the euro. If Greece defaults and exits the eurozone, how much collateral damage should Europe expect?‎

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  1. roubini166_Peter Zelei Images Getty Images_recession Peter Zelei Images/Getty Images

    From Great Moderation to Great Stagflation

    Nouriel Roubini

    For decades, relative global stability, sound economic-policy management, and the steady expansion of trade to and from emerging markets combined to keep costs down. But now all these conditions have been overturned, and the world is settling into a dangerous and destabilizing new regime.

    explains why the long era of low inflation, cheap imports, and consistent growth is now over.

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