Greece should default within the eurozone: On CNBC

While Greece’s political leadership was continuing with its  game of  charades (Will they sign? Will they not?), the country is being led down the garden path, once again. The debt-deflationary downward spiral will be given another impetus. Here I tell CNBC that Sisyphus’ optimal strategy is to stop pushing the rock up the hill. And that the assumption that if Greece defaults it must exit the eurozone is a motivated lie: CNBC 7th February 2012: Greece must default within the eurozone