Would a 2010 default have been the best outcome for both Greece and the Eurozone?
Whilst the focus of attention is currently on Greece acquiescing to the demands from the Troika there remain quite fundamental issues about the long-term sustainability of the single currency and the frameworks in place. Ironically, these concerns have come about in part due to the stance adopted by the European Union. In retrospect, always an easy thing to call upon, it can be argued that the worst mistake made during this entire process was the 2010 debt re-structuring. Thi
