The eurozone is not 'Hotel California', says BNY Mellon strategist

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Simon Derrick, Bank of New York Mellon

The eurozone crisis would be better solved by Greece leaving the monetary union rather than  further bailouts from the European Union and the International Monetary Fund, according to Simon Derrick, global head of currency strategy at Bank of New York Mellon in London.

Derrick's comments at an event on November 3 came hours after it emerged a decision by Greek prime minister George Papandreou to hold a referendum on the recent bailout package would be shelved, reinforcing the possibility that

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