Greece Should Just Quit

Does Greece belong in the euro area? This fundamental question has divided Europe's governments for months, and still does. The deal just announced only pretends to resolve their disagreement. That's why it won't work.

Enough is enough: Greece should leave the euro system.
The terms forced on Prime Minister Alexis Tsipras last weekend have little chance of being accepted, carried out and sustained by this Greek government or its successors. Greece's parliament may accept them this week because it thinks the alternative is worse -- and in the short term, that may be true. In the long term, a deal imposed under extreme duress, and bitterly resented by most Greeks, won't succeed .... http://www.bloombergview.com