Greece: Is Eurozone Exit Inevitable?
As the new Greek Prime Minister repeats his anti-austerity rhetoric, the former Fed Chairman, Alan Greenspan, says a Greek exit from the eurozone is becoming inevitable.
Greece and its creditors appear increasingly at loggerheads over a new deal for the eurozone's most troubled economy. As the new Greek Prime Minister repeats his anti-austerity rhetoric, the former Fed Chairman, Alan Greenspan, says a Greek exit from the eurozone is becoming inevitable. We debate the issues with Frances Coppola, the independent financial commentator, and Thanos Vamvakidis, a senior strategist at Bank of America Merrill Lynch, and formerly an economist at the IMF.
As G20 finance ministers and central bankers gather for one of their regular meetings, our two experts also discuss the risk of a new currency wars. Could new quantitative easing in Europe and in Japan destabilise not just currency valuations but the global economic recovery as well?
And Lucy Kellaway of the Financial Times reflects on the growing trend these days to resort to social media to pour praise on outgoing company bosses. Is all this flattery a little unsavoury, especially when those uttering it are themselves contenders to replace the man in charge?
(Photo: Greek Prime Minister Alexis Tsipras. Credit: Ayhan Mehmet/Anadolu Agency/Getty Images)
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