24 February 2015

42 Academics on whether Greece should default

Chicago Booth's IGM Forum asked 42 academic experts whether Greece would be better off defaulting on its debt.

The results are mixed:

48% of the experts believe that the outcome is uncertain. They are unable to predict whether per capita purchasing power would be greater in 10 years by defaulting now, or by continuing to service the debt.

21% agree,

12% disagree with the hypothesis,

and 12% didn't express an opinion.

Greece seems to be facing serious dilemmas.

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