Like IMF and Obama Administration, Bernanke Seeks Long Term Greek Solutions

Those with a forward looking mathematical outlook see the inevitable. Greece’s debt level is unsustainable and growth projections do not take into account a worse case scenario. Even if Greek Eurozone cheerleaders are correct and the struggling country from the “southern” region is not benefiting from the currency union to the same degree as Germany and those in the golden “northern” region.

Such were not the explicit words of former U.S. Federal Reserve Chair Ben Bernanke, but on a recent Brookings Institute blog post he came close to saying the same thing. Bernanke’s tone appears to match that, to various degrees, of the International Monetary Fund and the Obama Administration, all of whom have been advocating...