5:30PM GMT

| http://www.economonitor.com/blog/2011/10/the-myth-of-greek-profligacy-the-faith-based-economics-of-the-‘troika’/

The 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

greece, fiscal, nations, greek, germany, debt, euro, spending, country, greeks, current, account, union, problem, trade, troika, policy, default, eurozone, own

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