Monday, May 21, 2012

Greece's Debt Crisis Continues

Time to decide? There are reports that Germany wants Greece to hold a referendum on future membership in the euro zone. Reuters

A Greece Euro Exit Could Make Lehman's Collapse 'Look Like A Tea Party' -- CNN

London (CNN) -- The wheels are coming off the wagon. The fat lady is about to sing. The proverbial is about to hit the fan. It doesn't matter which saying you use, the facts are inescapable. Greece's membership of the eurozone is untenable under the current conditions and everyone knows it. Some like Hungary's finance minister say openly Greece will leave the euro. The only question is what catalyst will force it out and when. The nearest deadline to hand is the country's June 17th elections, when the Greek voters will decide whether to support parties who will adhere to the bailout agreements or those who want to tear them up.

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More News On The Greek Crisis

Debt crisis: as it happened - May 21, 2012
-- The Telegraph
Europe Raises Threat Level against Athens -- Spiegel Online
Greece’s new prime minister meets party leaders ahead of EU summit, June 17 elections -- Washington Post/AP
Greek leftist brings message to Europe: "Let's talk" -- Reuters
Greece’s Would-Be Savior Launches Charm Offensive -- New York Times
Alexis Tsipras warns Greek crisis is also Europe's -- The Guardian
An exit by Greece would sorely test the eurozone -- Boston.com/New York Times
Alexis Tsipras interview: 'Greece is in danger of a humanitarian crisis' -- The Guardian
Global markets on edge over Greece despite G8 pledge -- Reuters
Europe’s Worst Fear: Spain and Greece Spiral Down Together -- Landon Thomas Jr., New York Times
What's next for Greece -- Chris Isidore, CNN
Is a Greek Exit from the Euro Inevitable? -- Michael Schuman, Time
Greece and the euro: the essential guide -- Luke Harding, The Guardian
What could happen next if Greece leaves the eurozone? -- BBC

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