dunnettreader + us_foreign_policy + greece   1

James K. Galbraith and Yanis Varoufakis: Only Syriza Can Save Greece - NYT 6-24-13
The global financial sector would view a Syriza victory with horror. But banks and hedge funds know that most Greek debt is held by European taxpayers and by the European Central Bank, and what’s left is being snapped up by investors because they know it will be paid. Big Finance is worried about what may happen elsewhere if a left-wing party wins in Greece. This instinct is natural for bankers. But for the American government to adopt the same fear-driven stance would be strategically shortsighted.
Great_Recession  Greece  Eurozone  international_finance  US_foreign_policy 
july 2013 by dunnettreader

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