euro group and Greece

Letting Greece Default Next Month Now Seen as Acceptable Gamble by Many

February 16, 2012

The once unthinkable possibility of a Greek default is now being discussed openly and is preferred by many inside and outside of Greece.  The passage of time is largely responsible for this transformation.  Contagion to other euro area members is considered less likely because of greater resources to resist such and the view that Greece’s […] More