The Most Likely Scenario for Greece - podcast episode cover

The Most Likely Scenario for Greece

Jul 07, 20153 minTranscript available on Metacast
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Episode description

With Greece voting “no” on July 5th, Greece now defaults on all of its debt. Although the Greek government states that the vote strengthens its position to bargain with the rest of the Eurozone, the Germans are unlikely to make further concessions. In order to keep funding their government, Greece may have to reintroduce the Drachma or some form of I.O.U.’s.