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300115 - Interesting "details" ...

Greece’s gross debts add up to around $320 billion in nominal value, according to the International Monetary Fund. That’s big compared to the Greek economy, but tiny compared to the world outside. It’s less than 3% of the entire eurozone economy, which is about $13.5 trillion. So even if Greece refused to pay one more nickel of its debts — an outcome no one is suggesting — the eurozone could make up the difference with about eight days’ output ... or an hour’s money-printing by the ECB.


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