Greece is important and so is Alabama
This quote from Rana Foroohar on CNN this weekend makes one stop and think. A similar comment related to Connecticut (similar GDP to Greece) effectively bailing out any of the smaller southern US states every year.
It’s not that the economy of Greece itself matters so much–China creates a new Greece every six weeks–it’s that a Greek exit from the Eurozone calls into question the entire European experiment.
Its easy to understate the importance of small economic areas, but they matter immensely within their geographic and economic context within which they belong no matter what the bean counters think.