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Greece's current debt crisis was exacerbated on Monday as banks were shut across the country, with withdrawals restricted to 60 euros per day per person. Nikos Tsafos, co-founder at Enalytica, believes that a Grexit would be an absolute disaster for Greece, despite a potential for them to devalue their way into growth, because it would likely lead to rapid inflation.
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Greece's current debt crisis was exacerbated on Monday as banks were shut across the country, with withdrawals restricted to 60 euros per day per person. Nikos Tsafos, co-founder at Enalytica, believes that a Grexit would be an absolute disaster for Greece, despite a potential for them to devalue their way into growth, because it would likely lead to rapid inflation.
Visit our website: http://www.france24.com
Like us on Facebook: https://www.facebook.com/FRANCE24.English
Follow us on Twitter: https://twitter.com/France24_en
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