The era of living off borrowed money is over in Greece, and the Greek people now have a choice. Almost four years ago I wrote Greece, Please Do The Right Thing: Default Now (June 1, 2011). Default remains the only real…
The era of living off borrowed money is over in Greece, and the Greek people now have a choice. Almost four years ago I wrote Greece, Please Do The Right Thing: Default Now (June 1, 2011). Default remains the only real…
“Greece could be ousted from the Eurozone”, warned deputy parliamentary leader of Angela Merkel’s ‘CDU Party, Michael Fuchs, on 31 December 2014. He added, the Eurozone was no longer obligated to rescue Greece from its […]
A decision by a new Greek government to leave the eurozone or a forced exit of Greece would be even worse than the collapse of Lehman Brothers in 2008, said Barry Eichengreen, an economic historian at the University of California…