An historical perspective and a look at what is owed, to whom and when provides insight about the culture and complexities of Greek sovereign debt.
Weekly Roundup: From New Drachma to Old Monetary Dilemmas
Our everyday economics includes foreign exchange, human capital, economic growth, GDP, inflation, unemployment, monetary policy, tradeoffs and deleveraging.
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.
The Eurozone Sunk Cost Problem
People and nations might perpetuate a bad investment because they look back at their past sunk costs. Instead they should compare future cost and benefit.
With more austerity resistance to government spending cutbacks, Greece could again be heading for a sovereign debt default and a bailout.