Although some European officials talk of “managing” a Greek exit from the euro, the political and financial costs, and risks of panic and contagion, would represent a fundamental challenge.
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Published News » Europe
Greek Crisis Poses Hard Choices for Western Leaders
Posted by cagan 6 days ago (http://www.nytimes.com)
Nationalist Wins Serbian Presidency
Posted by cagan 6 days ago (http://www.nytimes.com)
Tomislav Nikolic, an ardent admirer of Russia, won 49.8 percent of the vote compared with 47 percent for Boris Tadic, the former president.
Hollande to Press Germany on Euro Bonds
Posted by cagan 5 days ago (http://www.nytimes.com)
At a meeting on Wednesday with European leaders, President François Hollande of France will press the issue of euro bonds, which some officials consider a step too far.
Greek Businesses Fear Switch From Euro Back to Drachma
Posted by cagan 4 days ago (http://www.nytimes.com)
The move would involve complex legal and financial steps and could set back the economy further, many say.
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