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Greece: the solution

Chronicles of a death foretold, or how, despite everything, the eurozone can survive with Greece

Austerity measures in Greece may have provoked protests—but tough cuts is just one part of the solution to the Greek crisis. Image: Joanna

The newspapers are writing the obituary of the euro or the excommunication of Greece or both, often with unseemly pleasure. But it is not so inevitable. There is a simple way to resolve the Greek problem that will strengthen the euro, not undermine it, that will lead German and other tax payers to recover the $145 billion they have pledged, not lose it, and that will not require ambitious institution building in Europe at a time when the…

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