The other day my section got a bonus lecture from Nikos Vettas on Greece and the Euro. Nikos is a super star Greek economist and is advising their government at this very critical time. One topic came up was how you can have a coordinated monetary policy when you don't have a coordinated fiscal policy. My personal feeling is that any talk of a Euro breakup is exaggerated and the monetary policy in the EU will stay quite loose for the time being.
In the words, INSEAD's tuition might get cheaper after all.
