Greece Impasse – Can Europe Bear Greece’s Future?
Published on 25 Jun, 2015
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After making some headway in fiscal reforms, Greece is still in trouble.
Recent risks emerging in its banking system and the impending payments in June have made the country seek extensions through a debt relief program with its Eurozone creditors.
If both sides continue to take a tough, myopic stance by grossly underestimating the full intensity of a default and exit, regional as well as global stability could potentially be at risk.