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Andrew Atkeson and John Cochrane: Greece's Ills Require a Banking Fix

The Greek stock-market crash is fresh evidence that more reforms are urgently needed. The crash in the Greek stock market when it reopened Aug. 3 reminds us that Greece’s economy and financial system are still in awful shape. Greek banks—whose stocks have been pummeled this week—reopened on July 20 with the help of the European Central Bank.

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Posted: August 4, 2015 Tuesday 07:24 PM