"Thumbs Down" On The EU Bailout | Eurasia Review PDF Print E-mail
A Greek default would be a major blow to the banking system and the damage would not be limited just to Europe. It could easily spread to the United States and trigger another meltdown. That's why Obama spent most of his weekend on the phone, ... It would give Greek exports and tourism a boost by making them instantly cheaper. Economist Mark Weisbrot explains the shortcomings of the EU strategy in an op-ed in the New York Times. He says: "The problem is one of irrational ...
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