Grexit would be Lehman Brothers squared

A decision by a new Greek government to leave the eurozone or a forced exit of Greece would be even worse than the collapse of Lehman Brothers in 2008, said Barry Eichengreen, an economic historian at the University of California at Berkeley:
– “In the short run, it would be Lehman Brothers squared.”
– “While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more difficult.”

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