The Modern Greek Tragedy Follows a Classical Script

There is a likely nice policy response to the current Greek woes. It requires a temporary trade measure to change the relative prices between Greek and other euro member countries, similar to an effective devaluation of a country's currency. It is an innovative thinking, targeting a real world problem. Much better than Paul Krugman's conventional but empty argument. See a couple of blog articles for this: http://mrlincolns.blogspot.com/2010/05/policy-response-to-greek-dilemma.html http://mrlincolns.blogspot.com/2010/05/paul-krugman-on-euro-union-is-wrong.html