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Across the Atlantic, the euro was designed to be more than a regional currency. From its inception in the 1990s, its ...
The uncertainty has raised concerns that Greece could miss a debt payment and drop the euro currency ... that the executive overseeing its trading strategy would step down. Morgan Stanley and ...
When the 2008-2009 global financial crunch hit, Greece ... adjustment strategy was much less costly than the alternative, giving up their pegged exchange rate to the euro. A currency devaluation ...
Without the explicit backing of other member states it is highly unlikely that a parallel currency strategy could work to keep Greece in the euro. Instead the discussion of such a measure speaks ...
The latest episode of Greece's debt crisis has revived ... overwhelm the political will that holds the euro together. Countries that share a single currency cannot devalue when their economies ...
But since Greece no longer has its own currency, it is not free to follow this strategy. So what can Greece ... Or it can seek a real bail-out from its euro partners, in which they give the ...
Greece was different: Though small within Europe's economy, it was an advanced country that shared the euro currency. It was initially unthinkable to European leaders that such a country should ...
LONDON (Reuters) - The latest episode of Greece's debt crisis has revived doubts ... will eventually overwhelm the political will that holds the euro together. Countries that share a single currency ...
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