Greece may quit the euro zone as soon as 2013’s first half, said Megan Greene, director of European economics at Roubini Global Economics LLC.
Current austerity steps and likely retrenchment would create a “decade of depression,” so the country may decide to default on its debt and reissue the drachma, Greene said today at a conference in London. A Greek exit is “very likely” before the end of next year, she said.
To contact the reporter on this story: Whitney McFerron in London at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Carpenter at email@example.com