As Eurozone leaders discuss a deal to pull Greece from the brink of economic collapse, Greek banks are rapidly running out of euros and the government will very likely default on some $7.5 billion in debt due later this month. The dire economic scenario has many asking if Greece will exit the Eurozone, a move that observers say could sink the country further into financial disaster.
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Grexit or Not? Eurozone Leaders Attempt to Stem Crisis
Posted July 7th, 2015 at 10:48 am (UTC-5)
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Currencies Are Easy, Policies Are Hard
Posted July 7th, 2015 at 9:34 am (UTC-5)
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Among those who hope for or predict an agreement between Greece and its creditors that would keep it in the eurozone, there is a widely held belief that introduction of a new currency will be difficult, perhaps prohibitively so.
Greece on the Brink
Posted June 29th, 2015 at 8:58 am (UTC-5)
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It has been obvious for some time that the creation of the euro was a terrible mistake…. But the situation in Greece has now reached what looks like a point of no return.
Greece Votes No
On July 5, the Greeks voted no…. In short, Greeks said no to turning Greece into a modern and competitive country.