Tag Archives: PIIGS

What’s wrong with Greece anyway?

It was only a couple of months ago that Greece’s then-prime-minister George Papandreou admitted Greece has been a badly managed country. This is stating the obvious and has been mirrored in the masses since the beginning of Greece’s sovereign debt crisis.

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Greek bailout a sham?

Euro zone finance ministers have agreed to a $170 billion bailout for Greece following 13 hours of late night negotiations in Brussels. Athens has in turn pledged to reduce its debt to 120.5% of its GDP by 2020 and to accept “enhanced and permanent” EU monitoring of its economic reforms.

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