* fourth dimension * MAGAZINE * SUBSCRIBE * PHOTOS * VIDEOS * LISTS * APPS * LIFE.COM * STYLE Follow TIME * Facebook * Twitter * Google + * Tumblr * NewsFeed * U.S. * Politics * World * Business * M iodiny * tech * Health * Science * Entertainment * Opinion  | ------------------------------------------------- Top of sortBottom of Form| * Economy  * Wall Street  * Technology & adenosine monophosphate; Media  * Big Companies  * polished Business  * Entrepreneurial Insights  * Game Changers  * Davos WALL track & vitamin A; MARKETS Six reasons why Greece should remissness By MICHAEL SCHUMAN | September 23, 2011 | + squelch As ball-shaped stocks tank over rising fears of a double-dip quoin, one country at the center of the storm has never exited the recession Greece. Amid its increasing ly severe debt crisis, the Greek economy is in its tertiary consecutive year of contraction, and, under pressure to stroking disk operating system spending and stabilize its case debt, there is little expect that the situation will solve around any meter soon.
The IMF doesnt expect prescribed annual growth in the country until 2013! Earlier this week, the government approved yet some other package of ascesis measures, including cuts to pensions and public sector workers and a political platform to levy the poor. The measures ar an attempt to appease Greeces creditors in the euro zone, who are demanding even hars her steps in return for go on a $150 billio! n bailout given to Athens go bad year. Without those rescue funds, Greece could default on its debt. That default is something europium has been assay to avoid for a good 18 months. yet much and more, Im coming to believe Greece should default. heres why: The prevailing wisdom concerning Greece is that a default on its $400 billion of sovereign debt would be a mischance for the worlds financial markets and help hurry the global economy towards a renewed...If you want to get a integral essay, order it on our website:
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