There is a direct line from Athens to Toronto, and not only on Air Canada. The more important connection is provided by the financial markets. When Greece ran out of accounting subterfuges and the ability to borrow at non-ruinous interest rates, it set in motion a process that caused the euro to slump by some 15 percent against China’s yuan. That, in turn, made Chinese goods dearer in the eurozone, threatening China’s ability to increase export-sector jobs, and to respond to rebellious workers’ demands that their communist rulers provide decent wages and working conditions.
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