September 8, 2012
Greece Could Spark a Financial Crisis
Milton Ezrati, The National Interest
If Europe, already in recession, wants to avoid a fate similar to that of the United States, then it must convince investors and banks that the euro is not in such jeopardy. Finding a way to keep Greece in the currency union is the easiest way to offer such reassurance, which, no doubt, is why Germany, France and others have worked to so hard to support Greece during these last two-plus years of crisis.
TAGGED: global economy, Eurozone, Greece