Hans-Werner Sinn is the sometimes controversial head of Germany's Ifo Institute, A German-based center for economic studies. He has been in the news for his warnings about the Target2 system at the heart of trans-national money clearance in the euro zone. I have been critical of his analyses in the past. However, regarding the best outcomes in Greece, Sinn made some insightful comments recently about a Greek exit from the euro zone which I would like to highlight. I have underlined the important bits.
An interview in Die Welt reads as follows:
Die Welt: Professor Sinn, does it make a big difference who wins the elections in Greece?
Hans-Werner Sinn: I would say no. Both will try to negotiate with the EU. The extreme parties would risk more and get more if they won. But they ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.