An interview with Nobel Laureate Prof. Michael Spence on the Greek fiscal crisis

— 10/19/2011

Excerpt from CNBC -- "Greece probably can be bailed out in terms of affordability on the fiscal debt. but they're 40% out of bounds in terms of being able to kind of grow the economy. they have huge trade deficit with the rest of europe. it's -- and they don't have the exchange rate. so it's very hard to see how you can keep greece in the euro zone and have them have a future."

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An interview with Nobel Laureate Prof. Michael Spence on the Greek fiscal crisis