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Greek Debt Deal

The Greek Default Will Be Soon... Drachma Here We Come

Richard Finger | Posted 06.26.2015 | Home
Richard Finger

Greece will reintroduce the Drachma, which, I predict, will initially devalue at least 30 or 40 percent versus the Euro. Unfortunately, Greece imports are nearly twice their exports ($60 billion to $33 billion).

Ryan Grim

Greek Finance Minister Hints At Debt Default | Ryan Grim | Posted 04.16.2015 | Politics

WASHINGTON -- If hard-line backers of austerity in Europe don't budge, Greece will have no choice but to default on its upcoming debt payments, Greek ...

Greece Needs To Keep Slashing Its Budget

Reuters | Posted 05.13.2012 | Business

By Jan Strupczewski BRUSSELS, March 13 (Reuters) - Greece will have to slash a further 5.5 percent of GDP in government spending in 2...

Five Problems With The Greek Debt Deal

The Huffington Post | Mark Gongloff | Posted 02.21.2012 | Business

There are only three greater sources of confusion in the world than what's going on in Greece, and they are all found in quantum physics, David Lynch ...

Violent Protests Highlight Greece's Difficulty In Sticking To Bailout Deal

Reuters | Posted 04.13.2012 | Business

* Parliament passes unpopular package of cuts * Protests turn violent, buildings burn in Athens * Govt must clarify spen...

Greek Leaders Bailout Deal To Satisfy Lenders

Posted 02.09.2012 | Business

Greek political leaders have reached a deal on austerity measures that satisfy European Union and International Monetary Fund lenders, according to Th...

Greek Leaders Fail To Agree On Bailout Deal, As Default Looms

Reuters | Posted 04.10.2012 | Business

By George Georgiopoulos and Harry Papachristou ATHENS, Feb 9 (Reuters) - Greek leaders failed early on Thursday to agree on reforms an...

German Official: 'The Situation Is Getting More Problematic For Greece Day By Day'

Bloomberg | Marcus Bensasson, Natalie Weeks and Maria Petrakis | Posted 02.08.2012 | Business

Feb. 8 (Bloomberg) -- Greek Prime Minister Lucas Papademos is set to negotiate with leaders of the political parties supporting his caretaker governme...

Greek Official On Debt Deal: 'The Onus Is On Political Leaders'

Reuters | Posted 04.05.2012 | Business

* Venizelos says deal should be concluded by Sunday night * Wage, spending cuts remain key sticking points * Papademos e...