BUSINESS |
5:30PM GMT | http://www.economonitor.com/blog/2011/10/the-myth-of-greek-profligacy-the-faith-based-economics-of-the-‘troika’/
5:30PM GMTThe Myth of Greek Profligacy & the Faith Based Economics of the 'Troika'

The debt is issued under Greek law, but now it is payable in Euros which Greece, as a user of euros, can't create, given the surrender of its currency and consequent fiscal sovereignty. In this sense, ironically, the fiscal crisis is a consequence of [read full story]
Full story: http://www.economonitor.com
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