Salient to Investors:
Martin Feldstein said Greece cannot be fixed. A Greek departure would be chaotic short-term, but longer-term would return Greece to growth and more robust employment. Italy is in good shape. Spanish regional budget deficits pose a bigger problem than the banking crisis. European leaders lack a longer-term strategy on how to deal with indebted member states.
Read the full article at http://www.bloomberg.com/news/2012-06-07/greece-should-leave-euro-to-rebuild-economy-feldstein-says.html
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