Greek Debt Crisis
The latest Greece debt deal is cut from the same cloth as those that proceeded it: middling, short-sighted, and unlikely to fix Greece’s fundamental problems.
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While the world’s attention has been firmly fixed on Greece’s debt crisis and the “Grexit” threat, there is trouble brewing much closer to home.
Tsipras’ referendum gambit appears to have failed, and the final round of talks to avoid a ‘Grexit’ are deadlocked as ever ahead of a Monday deadline.
Debt is growing faster than productivity in economies worldwide, restricting options for policymakers and increasing the likelihood of another financial crisis.