Averting a Greek Tragedy

With debts in excess of 300 billion Euros, Greece is at the mercy of “outsiders” for financial aid. It is no longer a question of “if” Greece will need foreign help but more a question of “who” will help out. While Greece has raised some funds through the issuance of government bonds, it cannot handle this crisis alone. The million dollar (or 300 billion Euros) question is whether the European Union (EU) will come to Greece’s aid? To answer this one needs to look at some facts: –          The EU is an economic union with high levels of integration. Therefore … Continue reading Averting a Greek Tragedy