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Greece: Thinking the unthinkable

Greece: Thinking the unthinkable

Sunday’s referendum has pushed Greece closer to euro-area exit. A Greek departure would plunge the region into uncharted waters, with unpredictable consequences. But policymakers have powerful tools to combat contagion and prevent a Greek accident sending the rest of the region back into recession, says Darren Williams (pictured) – Senior Economist, Europe, AllianceBernstein…