Krugman Says Greece Running Out of Alternatives to Exit

Nobel-prize winning economist Paul Krugman said Greece is “close” to having to leave the 17-member currency region as austerity measures imposed on the nation hamper its economic recovery.

“If I were running a peripheral country I would say that you cannot leave” the euro region, Krugman, a professor at Princeton University, said in Lisbon late yesterday. While it would be “extremely disruptive,” Greece is “very close to running out of alternatives,” he said.