Guardian: Greece Can Only Recover By Defaulting


From The Guardian – Greece can only recover if its debt is restructured, say economists:

Experts say a default on Greece’s €110bn EU and IMF-sponsored rescue package is inevitable…

Nouriel Roubini, the world-renowned economics professor known as Dr Doom, was in Athens last week with a message: the worst of the global financial crisis might be over but for Greece recovery could only occur with an “orderly restructuring” of its huge public debt.

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This entry was posted in Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, Euro / Sovereign Money, Solutions and tagged , , , . Bookmark the permalink.

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