How to explain Greece’s bailout puzzle?
Greece puzzle via www.shutterstock.com
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.
Grecians have made it clear how they feel about Golden Dawn: get out.
Greece protest via www.shutterstock.com
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.
Greece’s gross domestic product, shown here in 2010 constant dollars, has plunged since 2008.
RED St. Louis Federal Reserve Bank and Hellenic Statistical Authority
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…
Varoufakis said he resigned to help the negotiations.
Greek Finance Minister Yanis Varoufakis, who led a failed strategy to change the terms of Greece's bailout, resigned Monday.
Celebrations by No supporters on July 5 in front of Greek parliament in Athens.
The Greek rejection of the bailout means it's time to brace ourselves: Grexit is now an 80% probability.