The new plan’s biggest shortcoming, however, is its attitude to Greece’s debt. The original rescue plan assumed that, starting in 2012, Greece would issue new bonds to pay off maturing ones. With such market access now out of the question, … Continue reading The Economist on Greece's debt crisis–Bail-out 2.0
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The Economist on Greece's debt crisis–Bail-out 2.0
The new plan’s biggest shortcoming, however, is its attitude to Greece’s debt. The original rescue plan assumed that, starting in 2012, Greece would issue new bonds to pay off maturing ones. With such market access now out of the question, … Continue reading The Economist on Greece's debt crisis–Bail-out 2.0