Greek default does NOT equal Greek exit

Anyone’s guess as to what will happen in Greece at the moment. Here’s what the new Greek Finance Minister, Yanis Varoufakis, had to say in 2012.

There may be trouble ahead…

Yanis Varoufakis

Perhaps the greatest enemy of the eurozone, at this particular juncture, is an erroneous assumption: that a Greek default is inextricably linked to a Greek exit from the eurozone. The problem with this assumption is twofold: First, it prevents Europe from escaping a trap of its own making. Secondly, it is false.

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