Euro on a knife edge -- are the Greeks to blame for it?

Nichols, Dick
September 2011
Green Left Weekly;9/12/2011, Issue 896, p19
The article reports on the European crisis that is being blamed to galloping public debt crisis of Greece. It notes that Germans questioned the involvement of hardworking taxpayers of the eurozone core economies like Germany in funding billion-euro rescue packages for Greece. Moreover, lack of a common, shared mechanism to issue European debt exposed doubts and speculations in the government debt market and Greek exit from the eurozone would impact the European banking system.


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