THE THREAT OF GREXIT RETURNS TO HAUNT EU…

by on 13 February 2017

Crisis-plagued Greece has come quite close to being kicked out of the eurozone several times, before last-minute deals averting such an outcome. But amid growing populism in Europe, it could be different this time round.

The same sequence of events keeps playing again and again in the years-long Greek economic saga: the grossly indebted southern European country runs out of money; it faces bankruptcy and the threat of being ejected from the monetary union. Greek government representatives and creditors implore, threaten and quarrel until the last minute – in the end, however, the creditors agree to offer assistance to Athens. 

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