Tagged: Greece debt

Greece’s debt crisis grows

As nationwide workers’ strikes continued and deadly riots erupted in Athens over austerity measures invoked to deal with Greece’s ongoing debt crisis, fears grew that the situation may adversely impact the global banking system.  Mark Williams, author of “Uncontrolled Risk” about the fall of Lehman Brothers who teaches finance in the School of Management, says the […]

Crunch time for Greece’s debt woes

With Greece’s debt troubles threatening to spread to other indebted European countries and undermine the continent’s economic recover and monetary system, officials are seeking an aid package from EU nations and the International Monetary Fund to stave off disaster.  International relations Professor Kevin Gallagher says the “tyranny” of the bond markets is that ratings agencies […]

Saving Greece’s economy

Greece is preparing a bond issue aimed at restructing its economy as the European Union is pushing the country to adopt new austerity measures to cut its crippling budget deficit.  Economics Professor Laurence Kotlikoff, as he explains in his blog, says there’s a way in his view for Greece to to devalue without devaluing.  “The government […]

EU seeks Greece economic rescue

European Union governments are grappling how to manage the debt crisis in Greece that threatens to undermine the shared euro currency.  Economics Professor Laurence Kotlikoff, who a decade ago in Foreign Affairs magazine predicted the euro’s collapse, says Greece’s debt woes are a precursor to what may happen in the U.S. “Greece is where the United States […]