Costs of divorce

Analysis: Leaving the euro carries massive costs

By DON MELVIN - BRUSSELS (AP) — European leaders have struggled mightily to keep Greece in the eurozone, despite the drag that its economic weakness places on their growth. The reason is this: If Greece abandons the euro, the chaos it would wreak on the global economy can hardly be overstated.
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Comment: In the meantime, Papandreou moved back from his referendum proposal.