Word: greeceã
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Another small European country—Greece??also found itself on the brink of disaster. We held that it would be wrong for the people of France and Germany, two of the only European nations with fiscal houses in comparative order, to devote their own tax dollars to reward the Greek government’s gross profligacy and egregious irresponsibility. Instead, we advocated for a bailout of Greece by the International Monetary Fund, as the stigma associated with such a bailout was well-deserved in this case. Additionally, members of the European Union should not have...
...been looking at aggregate price data, but we wanted to look at micro-data that are used to put together the aggregate price data,” said Gopinath, who plans to return to her previous research on the functioning of debt overhang economies and apply her findings to Greece??s current debt-heavy financial situation...
According to Maier, even a little bit of help would go a long way in maintaining stability. He added that a failure to intervene in Greece??s lagging economy would be contrary to the EU’s commitment to aiding its less prosperous member states...
...provide liquidity, but only a Treasury can deal with problems of solvency.” Europe is now experiencing an unfortunate situation where member countries can create unsustainable deficits or be home to failing financial systems and for this reason place the entire economic system and currency at risk. Greece??s current fiscal situation, in which the government is struggling immensely to pay the bills and teetering on the edge of financial collapse, is a prime example of this, as a Greek default could create a dangerous run on the Euro, which would negatively affect all of Europe...
Last year, the Hasty Pudding Theatricals explored the world of ancient Greece with its 161st show, “Acropolis Now,” a comical look at the first Olympics. For its 162nd production, HPT is transporting audiences back to another Greece??“Grease” of the 1950s—with its upcoming show, “Commie Dearest.”Written by Alexandra A. Petri ’10 and Megan L. Amram ’10—the team that also penned “Acropolis Now?...