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


Themes: Economics and policy, Guest speakers

Professor Paul KrugmanProfessor Paul Krugman warns it would be a messy affair if Greece defaults on its debts

Professor Paul Krugman, Professor of Economics & International Affairs at Princeton University is convinced that Greece will default on its massive debts and will probably abandon 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.