Greece is rescued, for now…maybe. Perhaps it’s time to move on to the next basket case. So, which of the PIIGS is the next Greece? For the moment, Portugal looks to be the front-runner. The country’s public-debt-to-GDP ratio is above 100%, and with a forecasted growth rate of -3.3%, its economy is shrinking at a […] … learn more→
Tag Archives: Greece
After the Greek rescue package: will Portugal be the next to fall?
Could there be a revolution in Greece?
So the deal is this: the EU and the IMF have demanded that Greece put in place austerity measures in return for a 130 billion euro bailout. That\’s £110 billion and $170 billion by the way. As the austerity measures in Greece have tightened, so the rate of suicides in the country have escalated, and […] … learn more→