Greece
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Euro

Could Greece switch to dollar and avoid bankruptcy?

A study by the FED supports that if euro-less Greece doesn't want to sink in chaos, there must be a transitional phase (pegging) from the euro to the new drachma via the dollar.

Barroso: Pardoning of Greek Debt Won't Be Repeated!

This week's Eurozone agreement to remit 50% of the massive Greek state debt is "an absolutely unique and exceptional measure," stated EC President Jose Manuel Barroso. In an interview for Portugese paper Expresso, the European Commission chief said that this...