Greenspan on Greece: Exit from the euro is ‘just a matter of time’
MarketWatch - Feb 09, 2015
Call him a ghost from the central-bank past, but Alan Greenspan can still swing his words around and make them stick a little.
The former Federal Reserve Chairman went on BBC Radio on Sunday morning to express his views about the crisis surrounding Greece and new Prime Minister Alexis Tsipras’s efforts to get its bailout re-negotiated.
In short: it’s futile. “I don’t think it will be resolved without Greece leaving the eurozone,†he told the BBC’s World This Weekend.
“I don’t see that it helps them to be in the eurozone, and I don’t see that it helps the rest of the eurozone ... it is just a matter of time before everyone recognizes that parting is the best strategy,†he added.
