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Oct. 19 (Bloomberg) -- Harvard University economics Professor Martin Feldstein said today that “there’s no question that Greece is going to default.”
“There’s no way that with a debt-to-GDP ratio of 150 percent, rising by 10 percentage points this year, with unemployment in double digits, with GDP falling at a very fast pace that they can go on the way they have been,” Feldstein said in an interview on CNBC television.
Asked whether he would recommend Greece’s leaving the euro region, Feldstein said: “I think if they could do it without being punished by the rest of the EU members, that would be a good thing for them.”
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