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This article consulted the expertise of CIGI Senior Fellow & award winning journalist Paul Blustein. 

In May last year, James K. Galbraith, a left-leaning American economist, sent an email to Greece’s finance minister, Yanis Varoufakis, in which he argued that an exit from the eurozone would benefit Greece.

“There is a fog-of-war atmosphere here that inhibits good policy making,” said Paul Blustein, a former Washington Post reporter and the author of “Laid Low: Inside the Crisis that Overwhelmed Europe and the I.M.F.,” which will be out in October. “But there...

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