Greece: A very European crisis Feb 5, 2010
Others would claim that woe was sure to befall such a disparate currency union sooner or later: if not Greece, then some other weak member of the club would have been the cause. Avoidable or not, trouble has arrived. (The Economist)
Greece wins respite with bond issue Jan 26, 2010
"Speculation of exit from the currency union are flights of fancy," Mr Papaconstantinou was quoted on Monday as telling German paper Die Welt. "We will conquer budget problems on our own. We have asked no one for financial aid and also expect no help from outside.". (Sydney Morning Herald -- Business)
Europe's challenge: avoiding a Greek tragedy Jan 20, 2010
At stake is the very credibility of the euro, a currency union with a central bank but no central economy management. The economic crisis has exposed the flaws of 16 countries moving in different directions to spend or save their way out of trouble. (Sydney Morning Herald -- Business)
Greek Debt Trouble Weighs on Finance Ministers Jan 19, 2010
A Greek default would trigger deeper problems for the currency union, highlighting the failure of allowing each country to manage its own economy. At the very least, a default would also raise borrowing costs for other indebted eurozone governments. (ABC News -- Wire)
