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What's Next for Greece?
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01.07.2015
Greece is in the ugliest situation imaginable: dead broke, humiliated in front of its European partners, destined to make spending cuts that leaders are convinced have already destroyed the country.
Greece has already missed a payment to the International Monetary Fund and is seriously in danger of missing other payments on its debts. In August, banks and hedge funds will come knocking on Greece's door for their debt. If Greece can't pay them, it will create financial panic across Europe.
It's easy to see the case for doom, but it's not time to throw in the towel yet. Greece could still negotiate its way out of its problems.
Greece has already missed a payment to the International Monetary Fund and is seriously in danger of missing other payments on its debts. In August, banks and hedge funds will come knocking on Greece's door for their debt. If Greece can't pay them, it will create financial panic across Europe.
It's easy to see the case for doom, but it's not time to throw in the towel yet. Greece could still negotiate its way out of its problems.
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