Letting Greece default now rather than in a year's time would be cheaper and would help the country more than a second aid package currently under discussion, a German economist and former official with the European Central Bank (ECB) has said.
"There is a consensus now in the German economic academic community that a haircut or a partial default in Greece is necessary," Ferdinand Fichtner, an economist with the German Institute for Science (DIW) and a former ECB official told a group ...
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