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Greek demonstrators protested as its government voted to accept the latest austerity conditions. Greece would have been better off exiting the Eurozone. AAP/New Zulu/Gael Michaud

Greece’s best chance of escaping economic misery was a ‘Grexit’

If Greece exited the Eurozone it would face several years of economic chaos. But it would be the master of its own destiny. The current EU offer will further destroy the Greek economy.
Under pressure to do a deal: Alexis Tsipras. EPA/Jerry Lampen

Tsipras may have just done the best deal possible for Greece

Backed into a corner as the banks reached the brink, the Greek prime minister may have fashioned some sort of success, and the prospect of something approaching debt relief a little down the line.
The No vote won it. EPA/Armando Babani

Greece votes No: experts respond

Academic experts respond to the No vote in Greece's referendum on whether or not to accept a bailout offer from their international creditors.
Large movements in relative prices will create winners and losers this year, the IMF has said. EPA/MICHAEL REYNOLDS

China economy to slow, hurting Australia: IMF

A new IMF report predicts a crackdown on cheap credit in China will help reduce China's real GDP growth rate from 7.4% last year to 6.8% this year and further weaken demand for Australian commodities.
The Hryvna: a vulnerable currency Valentyn Ogirenko/Reuters

Forecast for Ukraine: stormy with rays of sunshine

A year after the Maidan revolution of 2014, Ukraine is at a critical juncture. The conflict with Russia has been escalating. Estimates of casualties exceed 5,000, with some reports putting the number at…

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