Greece warns against debt restructuring
Greece’s finance minister said today that a restructuring of the country’s debt involving haircuts would be a big mistake, reiterating steadfast government opposition to such a move.
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The financially stricken Greek government is beginning talks with the EU and the International Monetary Fund about a possible bailout. Greece has found borrowing from banks too costly recently and is struggling to refinance old debts. Let’s get some analysis with economist and author William Engdahl.
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