Greece Will Default in May Without Another Bailout or Change in Terms
January 18, 2014Spread the love
Greece Will Default in May Without Another Bailout or Change in Terms Cash flow analysis shows Greece is in serious trouble again in spite of having a current account surplus. Specifically, Greece needs a change in payback terms or another bailout or it will default in August, if not May. I use the words "will default" imprecisely.
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Greece Will Default in May Without Another Bailout or Change in Terms