Debt

BY PAUL-ADRIEN HYPPOLITE AND NINA ROUSSILLE The 12 July 2015 Euro Area summit ended with a last minute agreement that avoided an imminent Greek exit from the Eurozone (“Grexit”).[i] Even before engaging talks about the third bailout program in 2015, the Greek government had accepted several prior bailouts with accompanying conditions negotiated with their European […]

BY ALEXANDER W. SMITH Greece now stands at the edge of an economic and political precipice. By allowing the country to miss a €1.55 billion loan repayment to the International Monetary Fund, Prime Minister Alexis Tsipras demonstrated that he is no longer negotiating for Greece’s future. He is gambling with it. Greece’s effective default is […]