No one seems to really believe the latest bailout plan will work without debt relief. But the only way to get Greece to adopt essential reforms is to pretend it isn’t in the cards.
Articles on Greferendum
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Some, including Greece’s ex-Finance Minister Varoufakis, have warned that the bailout’s austerity will strengthen extremist parties like Golden Dawn. They’re wrong.
On Sunday, the citizens of Greece voted No on the country’s referendum to accept a package of money in exchange for further austerity measures. Now what? Every armchair economist from Iowa to the Aegean…
Greek Finance Minister Yanis Varoufakis, who led a failed strategy to change the terms of Greece’s bailout, resigned Monday.
The Greek rejection of the bailout means it’s time to brace ourselves: Grexit is now an 80% probability.
Top contributors
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Jakurski Family Associate Professor of Business Administration, Harvard University
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Principal and Vice Chancellor, University of Glasgow
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Associate Professor in the School of Public and International Affairs, University of Georgia
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Professor of Business, Brandeis University
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Associate Professor in the Practice of Finance, Emory University