Germany, not Greece, should exit the euro
Jun 13, 2012
All the debate about the pros and cons of a Greek exit from the euro area is missing the point: A German exit might be better for all concerned. Unless Europe’s leaders take some kind of radical action, such as adopting and executing some of the many reform ideas they have floated, the currency union is headed for disintegration. The problems of Greece, Ireland and Portugal have spread to Spain, the fourth-largest economy in the euro area. Italy is probably next. The other members of the currenc