New Efforts to Bail Out Greece
After haggling into the early hours of this morning, Europe agreed to a new bailout package for Greece. The package provides $172 billion in financial aid for the Greek economy. After months of teetering on the brink of bankruptcy the deal will allow Greece to avoid a looming default in March. But the deal comes with new, strict conditions. Many economists now say E.U. imposed austerity measures are strangling the Greek economy. Join us to discuss whether the new deal will save the Greece or merely delay a deeper default.
professor of International Business/Finance and International Affairs at George Washington University
President of EF Consulting and former board member for Greece at the IMF
senior associate and director in Carnegie’s International Economics Program, former director of international trade and former director of economic policy at the World Bank.
publisher and editor-in-chief of The Globalist, a daily online magazine on the global economy, politics and culture.