A Grexit may be plausible from an economic perspective, but politically it would be a disaster

Should the rest of Europe be concerned by the consequences of Greece leaving the Eurozone? Florian Schui writes that while from an economic perspective a Grexit is entirely manageable, from a political perspective it would be a disaster for the EU. He argues that Greece leaving the euro would send the message that European leaders are more willing to allow the Eurozone to break up than they are to abandon austerity policies.