H/t reader M.G.:
“Another article on Greece from Bloomberg…..does not address many of the points the NY times did……..but at least they are mentioning it…”
– Greece’s Debt Crisis Explained (Bloomberg, March 25, 2015):
Time is running out for Greece. By early April, the Greek government will have a bond payment come due, and there will be no way for the government to make the payment unless it gets a fresh tranche of cash from its creditors, who are in large part euro zone governments.
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H/t reader M.G.:
“Here is a story that ought to be worrying every state of the EU and the US economy……..Greece.
Greek officials are meeting with Russian and Chinese leaders…..Greek leaders already assuring China they have a place in the largest Greek shipping port. Russia and China are financial and political allies, and together, they could easily step in and help Greece if they leave the Euro…..
If Greece leaves the Euro, it will start a financial unraveling that will spread throughout the Euro Zone and the US……”
– Greece Looks to Russia as Deal With Europe Stumbles (New York Times, March 30, 2015):
THENS — With the prospect of a default looming in Greece, Prime Minister Alexis Tsipras is preparing to meet next week with President Vladimir V. Putin of Russia as a European deal to give more aid to Athens falters.
The timing has raised questions of whether the visit is an ordinary component of the new Greek government’s multipronged foreign policy, or a pivot toward Russia for financial aid in the event that Greece’s talks with European officials collapse.
Read moreGreece Looks to Russia as Deal With Europe Stumbles