Paul Krugman

Greece will exit the euro, very possibly by the end of June 2012.

“1. Greek euro exit, very possibly next month.”

Said on

13 May 2012 · New York Times blog post "Eurodämmerung" (The Conscience of a Liberal), quoted by Pragmatic Capitalism

Source

Krugman: The Beginning of the End of the Euro · Pragmatic Capitalism

Should come true

Jun 2012

How sure they sounded

very possibly

Categories

EconomyPolitics

Importance

3 of 5 · A Greek exit would have been a major event for Greece and the eurozone, with possible contagion to other member states.

Outcome

Inaccurate

"Very possibly" hedges only the timing; the Greek euro exit itself was listed flatly as a coming step, and it never happened at any time, so inaccurate stands. Greece stayed in the euro after the June 17, 2012 election, and Krugman wrote in March 2013 that his "political guesstimates were off".

Evidence:

• https://en.wikipedia.org/wiki/Greek_government-debt_crisis
• https://www.economics.utoronto.ca/munro5/KrugmanCorralitoNYTMar2013.pdf