Sunday September 20, 2020

A moment of truth for the eurozone

The rescue plan being mounted for Greece on the financial markets is a key moment for the eurozone.

24th April, 2010

The rescue plan being mounted for Greece on the financial markets is a key moment for the eurozone. Having hesitated for so long - apparently hoping that the problem would go away - the EU’s leaders are now faced with the unpalatable prospect of bailing out Greece.

Worryingly, the interest rate of Greek debt remained high last Friday, even after it was announced that the Greek government had formally requested the activation of...

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