Subject: Share the View 2: Greece Hits Self-Destruct Button
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Mon, 6 Jul 2015 12:43:08 -0400 (EDT)

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Share The View

The Latest Opinions From Bloomberg View

Jul 06, 2015

bloombergview.com<=a>

<= href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2spq1.=mz/VZFxqEmOlXCqpq-EB077a" style="text-decoration:none;color:#00b9e7;line=height:1.6em">Greece

Mohamed A. El-Erian: "Without=very skillful crisis management, Greece is at high risk of becoming a fail=d state. Rather than just stand by, Europe needs to ensure that Greece's e=it from the 19-member euro zone doesn't also result in its dissociation fr=m the larger European Union." Read more...

Leonid Bershidsky: "Greece ha= voted overwhelmingly against a compromise that would have allowed Europe =o continue financing it. Now it must be forced out of the euro area and pe=haps from the European Union -- otherwise everybody will demand the same n=-strings deals, and aspirants from Eastern Europe will want to join the bl=c for all the wrong reasons." Read more...

Marc Champion: "Greece is the=anchor state of the Balkans, a region prone to conflict whose geopolitical=future remains in post-communist-bloc transition. There's a reason U.S. Pr=sident Harry Truman requisitioned $400 million ($4.2 billion in today's mo=ey) to keep Greece in the democratic camp. That reason seems to have been =orgotten." Read more..=

Megan McArdle: "I'm of the sc=ool that says that Greece never should have joined the euro in the first p=ace. But undoing a mistake is rarely as easy as not making it in the first=place. The path out of the euro is going to be a lot harder than the path =hat would have led away from it 20 years ago." Read more...

China

Justin Fox: "One clear lesson=of the past 15 years in the U.S. is that a big asset price decline only ha= to be economic disaster if those assets were bought mostly with borrowed =oney. So, sure, the stock market collapse of 2000-2002 was painful, but no=hing like the housing-price collapse of 2007-2009. Yet Chinese officials h=ve been encouraging people for months to buy stocks with borrowed money."<=span> Read more...=/p>

Refugees

The Editors: "There are now m=re refugees in the world than at any time in recorded history. Every refug=e crisis is distinct, of course, in cause and remedy. At the same time, th= consequences of war and persecution are not merely local. This is a man-m=de catastrophe that affects every nation on earth -- and the world's riche=t countries have a practical and moral obligation to do more about it." Read more...

Energy

Carl Pope: "Although stocks o= clean energy companies have proven to be good investments, fossil fuels w=ll still be used in abundance over the next 20 years. And someone will mak= a lot of money producing them. But is it really prudent to hold fossil fu=l stocks -- what if divestment of coal, oil and gas is actually the smart =ong-term bet? Evidence is mounting that it is." Read more...

National

Noah Feldman: "It’s t=mpting to speculate that investors in Puerto Rican bonds were a bit like i=vestors in Greek debt. Both in some sense counted on the entity acting lik= a 'normal' member of the confederation to which it belongs. ... But as it=turns out, the legal and constitutional features that make an entity into =art of a broader union don’t always protect bondholders." <=pan class="topic-read-more" style="font-family:Arial, sans-serif;text-=ecoration:none;color:#00b9e7;font-weight:normal;font-size:17px;line-height=1.6em;text-transform:none">Read more...

Culture

Mark Buchanan: "As philosophe= Lee McIntyre suggests in a new book, disrespecting the facts is a pervasi=e trend of our era. It represents an erosion of norms about inquiry, estab=ished at great expense through humanity's long struggle for survival and a=cendancy. Our future, he argues, may depend on how well we manage to prese=ve a commitment to truth in face of its many enemies." Read more...

News Roundup

Barry Ritholtz (Read the news roundup)

How 'vision' messed up Europe: Read more...

Europeans tried to block IMF debt report on Greece: Read more...China’s market rout is a double threat. Read more...

Money Stuff

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