Greece

Interview

Weighing a Second Greek Bailout

Daniel Gros interviewed by Christopher Alessi

Greece will undoubtedly receive a second bailout from the EU and IMF. But expert Daniel Gros says it remains to be seen whether default is inevitable and if banks and other private bondholders will also take a hit.

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Video

EU's Rehn: Greek Aid Plan Days Away

European Union Commissioner for Economic and Monetary Affairs Olli Rehn expects negotiations on a new Greek aid plan between the EU, IMF, and Greek government will conclude "in the coming days," ahead of the EU finance ministers' meeting scheduled for June 20.

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Must Read

Vanity Fair: Beware of Greeks Bearing Bonds

Author: Michael Lewis

As Wall Street hangs on the question "Will Greece default?," Vanity Fair's Michael Lewis heads for riot-stricken Athens, and for the mysterious Vatopaidi monastery, which brought down the last government, laying bare the country's economic insanity.

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Must Read

CRS: Greece's Debt Crisis: Overview, Policy Responses, and Implications

Authors: Rebecca M. Nelson, Paul Belkin, and Derek E. Mix

Over the past decade, Greece borrowed heavily in international capital markets to fund government budget and current account deficits. The profligacy of the government, weak revenue collection, and structural rigidities in Greece's economy are typically cited as major factors behind Greece's accumulation of debt.

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Video

Buiter: Sovereign Debt Problems to Continue

Speaker: Willem Buiter
Presider: Michael J. Elliott

Citigroup's Chief Economist Willem Buiter discusses the future of sovereign debt in the wake of the crisis in Greece.

This meeting was part of the C. Peter McColough Series on International Economics.

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First Take

Muddling through Greece's Tremors

Author: Marc Levinson

At the center of market upheaval over Europe's debt crisis is Greece, which faces daunting challenges despite a pending bailout. But it should be counted on to muddle through with reforms, writes CFR's Marc Levinson.

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Must Read

FT: Why Greece Will Have to Leave the Eurozone

Author: Desmond Lachman

According to Desmond Lachman of the American Enterprise Institute, Greece is approaching the final stages of its currency arrangement. There is every prospect that within two to three years, after much official money is thrown its way, Greece's euro membership will end with a bang.

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