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Monday, July 13, 2015

Understanding the Financial Crisis of Greece and What is Grexit?



John Green discusses the history of Greece's deficit and debt problems, the challenges of adopting the Euro and living with the Eurozone's monetary policy, and the possibility of the so-called Grexit--a Greek exit from the Euro. 

Sources:

Anil Kashyap's Primer on the Greek Crisis: http://faculty.chicagobooth.edu/anil....

The New York Times' introduction: http://www.nytimes.com/interactive/20...

History of the European Debt Crisis: https://en.wikipedia.org/wiki/Europea...

The Economist's excellent coverage of Greece, bailouts, debt woes, and how the banking system works now: http://www.economist.com/topics/greece and especiallyhttp://www.economist.com/blogs/freeex...

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