Greece

Should Europe Just Let Greece Go Bankrupt?

Round up the Usual Suspects

Greek Prime Minister George Papandreou claims “unprincipled speculators” have threatened to bring about a new global financial crisis by attacking Greek debt. At its recent sale of 10-year bonds Greece paid a 3.0% premium over Germany to borrow for a decade. But, according to Mr. Papandreou, it

Is Greece Too Corrupt to Be Bailed Out?

The recent collapse of bond markets in Greece threatens the very stability of the European Union. Although there is talk of a bailout, the country may be too corrupt for a rescue attempt to do much good. How bad is it? The answer to that question is startling, as the following report makes clear. I