A piece in the Wall Street Journal:
A Greek exit from the eurozone-dubbed "Grexit"-would be costly and messy, but the eurozone's powers-that-be now believe the turmoil could be contained to Greece.
But ...
Officials are, however, pondering the less-tangible costs of letting Greece go: Would doing so undermine the project of European integration? Could it fuel euroskeptic political forces in countries like the U.K. and the Netherlands? And could it do long-run damage to the currency area?
"They could lose something, this sense of the irreversibility of the euro, and they would never recover it," saidErik Jones,professor of European studies at the Johns Hopkins School of Advanced International Studies.
Article is here, gated:
Analysis: 'Grexit' Isn't the Scary Prospect It Once Was
Many of eurozone's powers-that-be now believe any contagion could be contained
-
Personally, my advice is ...
Europe, set Greece free
If it comes back, its yours. If it doesn't, it never was.
(Cue schmaltzy violin music)
