Although the bailout of the Greek economy just ended, doubts remain about their ability to sustain their long-term debt obligations.
Greece’s New Bailout Problem
As Greek bailout talks continue, European monetary officials are also concerned that a Greek statistician could receive a life sentence for reporting accurate macroeconomic statistics.
The Downside of a Greek Bailout
The Greek response to new bailout talks and more fiscal austerity ranged from a Scrooge Christmas card to a larger underground economy.
The Dangerous Side of Economics
Because he revised his country’s inaccurate deficit and received Eurostat approval, Greece’s chief statistician might be prosecuted for “breach of faith.”
Why Greece Would Have a Tough Time With a New Currency
With excessive sovereign debt and bailout problems, Greece may have to switch to a new drachma and endure financial turmoil at home and in the eurozone.
