Greece resoundingly rejected continued economic austerity in Sunday’s referendum. Over 61 percent of Greeks voted “no.”
The referendum asked the people of Greece to decide on whether the tough economic belt-tightening the country has been subjected to as a bailout condition should go on. Analysts are warning that the “no” vote could bring about Greece’s exit from the Eurozone.
Should Greece drop the Euro? What are the pros and cons.
Desmond Lachman, resident fellow at the American Enterprise Institute, the DC-based public policy research think tank. He was formerly a deputy director in the International Monetary Fund’s policy development.
Scheherazade Rehman, professor of International Finance and director of European Union Research Center at The George Washington University