{"id":50786,"date":"2015-07-13T21:32:28","date_gmt":"2015-07-13T21:32:28","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/greece_bailout_deal_keeps_country_in_the_euro_but_for_how_long\/"},"modified":"2015-07-13T21:32:28","modified_gmt":"2015-07-13T21:32:28","slug":"greece_bailout_deal_keeps_country_in_the_euro_but_for_how_long","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=50786","title":{"rendered":"(Globe and Mail) Greece bailout deal keeps country in the euro, but for how long?"},"content":{"rendered":"<p>Greece has received a tentative reprieve from exiting the euro, but the harsh austerity demands piled onto the recession-damaged country may still ultimately force it out the door, economists say.<\/p>\n<p>Some of them think the chances of a Greek exit form the euro \u201d\u201c Grexit \u201d\u201c have not in any way diminished now that Greece and its creditors have tentatively approved a three-year, \u00e2\u201a\u00ac86-billion bailout package that will boost Greece\u2019s debt, increase taxes and trigger privatizations at what will likely be fire-sale prices.<\/p>\n<p>In a note published Monday, Manulife chief economist Megan Greene said the deal, if approved by both sides and the national parliaments of the euro zone countries \u201cwill almost certainly be a failure for both political and economic reasons. The immediate risk of Grexit may be slightly lower following the summit conclusions this weekend, but the overall risk of Grexit is materially higher.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/www.theglobeandmail.com\/report-on-business\/international-business\/european-business\/euro-zone-leaders-reach-agreement-on-greece-bailout-belgian-pm\/article25478096\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greece has received a tentative reprieve from exiting the euro, but the harsh austerity demands piled onto the recession-damaged country may still ultimately force it out the door, economists say. Some of them think the chances of a Greek exit<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=50786\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,582,589,595,592,149,168,591,200,590,144,454,151,585,34],"tags":[],"class_list":["post-50786","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-consumerconsumer-spending","category-corporationscorporate-life","category-credit-markets","category-currency-markets","category-economy","category-ethics-moral-theology","category-euro","category-europe","category-european-central-bank","category-foreign-relations","category-greece","category-politics-in-general","category-the-banking-systemsector","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/50786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50786"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/50786\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}