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Why is Grexit again in the news? Who is to pay for Eurozone’s banking problems?

Grexit, Greece’s exit from the euro area, is back in the news – for the wrong reasons. During this past week, the country’s creditors, the European Commission, the European Central Bank, the European Stability Mechanism…

Grexit - European stingThey bluntly demand more suffocating austere measures from the Greek government, despite the clear success story it accomplished in 2016, with a strong primary (including interest, not principal repayment) budget surplus and…

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