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Paul Krugman, Princeton University: Greece default – not if but when

Themes: Economics and policy, Guest speakers

Paul Krugman, the internationally renowned economist, author and New York Times columnist, is convinced that Greece will default on its debts and is likely to leave the Euro.

He warns it would be a messy affair which could eventually lead to a recovery for the Greek economy but he forecasts there will be ‘contagion effects’ across the Eurozone. He thinks that former UK Prime Minister and Chancellor Gordon Brown should have a statue created as a reward for keeping Britain out of the Euro.

Paul Krugman is Professor of Economics and International Affairs at Princeton University.