{"id":1535,"date":"2012-06-06T06:06:00","date_gmt":"2012-06-05T20:06:00","guid":{"rendered":"http:\/\/blogs.unsw.edu.au\/knowledgetoday\/?p=1535"},"modified":"2012-06-06T12:08:41","modified_gmt":"2012-06-06T02:08:41","slug":"grexit","status":"publish","type":"post","link":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/blog\/2012\/06\/grexit\/","title":{"rendered":"A Temporary \u201cGrexit\u201d Is Just the Right Respite"},"content":{"rendered":"<p>A temporary exit from the eurozone by Greece would go a long way towards adjusting trade and other imbalances that would relieve pressure in the current eurozone crisis and quickly restore growth to the country, Wharton finance professor <a href=\"https:\/\/fnce.wharton.upenn.edu\/profile\/903\/\">Franklin Allen<\/a> said. The problem with many of the other fixes being suggested for the eurozone at present: They take too long to work, and would allow the crisis to escalate, perhaps dangerously. The quickest solution is temporary leave from the eurozone \u2014 in this case by Greece \u2013 that would lead to normal growth within one to two years, and allow Greece to rejoin the group in \u201cfive to 10 years,\u201d Allen said.\u00a0 He made his comments in a keynote address at the recent Wharton Global Alumni Forum in Milan.<\/p>\n<p>A video of the full presentation is available below:<\/p>\n<p><iframe loading=\"lazy\" title=\"In What Form Will the Eurozone Emerge from the Crisis?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/2wAfrrIIVpE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span class='embed-youtube' style='text-align:center'><\/span><\/p>\n<p><em>This post previously appeared in the <a href=\"mailto:Knowledge@Wharton\">Knowledge@Wharton today<\/a>\u00a0blog: <a title=\"Permalink to A Temporary \u201cGrexit\u201d Is Just the Right Respite\" rel=\"bookmark\" href=\"http:\/\/knowledgetoday.wharton.upenn.edu\/2012\/06\/a-temporary-grexit-is-just-the-right-respite\/\">A Temporary \u201cGrexit\u201d Is Just the Right Respite<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A temporary exit from the eurozone by Greece would go a long way towards adjusting trade and other imbalances that would relieve pressure in the current eurozone crisis and quickly restore growth to the country, Wharton finance professor Franklin Allen said. The problem with many of the other fixes being suggested for the eurozone at [&hellip;]<\/p>\n","protected":false},"author":336,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1535","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/posts\/1535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/users\/336"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/comments?post=1535"}],"version-history":[{"count":3,"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/posts\/1535\/revisions"}],"predecessor-version":[{"id":1539,"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/posts\/1535\/revisions\/1539"}],"wp:attachment":[{"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/media?parent=1535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/categories?post=1535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.unsw.edu.au\/BTOpinion\/wp-json\/wp\/v2\/tags?post=1535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}