According to the German newspaper, Handelsblatt, a number of German economists disagree with the Finance Minister, Wolfang Schauble, and his plan for a Greek “time out” from the Eurozone. Peter Bofinger, the only Keynsian of the German Council of Economic Council, has stated that “time out” for Greece would lead to a hyperinflated drachma. Michael Hüther, the director of the the Institut der deutschen Wirtschaft – a think tank – and formerly the chief economist of DekaBank has said that going ...
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