Martin Vander Weyer Martin Vander Weyer

Can the Greek bailout contain the oil slick of sovereign debt?

Martin Vander Weyer's Any Other Business

issue 08 May 2010

Martin Vander Weyer’s Any Other Business

The downside of globalisation is contagion. That was the lesson of the Icelandic ash that damaged the livelihoods of Kenyan rose-growers, and it’s the lesson of this week’s Greek bailout. The deal that will see Greece’s euro partners stump up E80 billion, plus E30 billion from the IMF, touches millions of people who have never given a thought to the parlous state of Greek public finances.

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