What Would It Take For Greece To Ditch The Euro

Tuesday, January 3, 2012 What Would It Take For Greece To Ditch The Euro ATHENS, Greece -- Greece's government warned Tuesday that the debt-crippled country will have to ditch the euro if it fails to finalize the details of its second, euro130 billion ($169 billion) international bailout and that more austerity measures may need to be implemented. A key component of the package, which was agreed last October, is that Greece has to persuade its private creditors like banks and investment firms to take a steep hit on the value of their holdings of Greek debt. Greece has the highest debt burden relative to the size of its economy in the whole of the 17-nation eurozone and the writedown will help get it down to more manageable, though still high, levels. Hitler's Legacy: How Germany's Past Weighs Down Europe's Future Growing Number Of States Contending With Crisis-Level Child Poverty Work-At-Home Scam Victims Receive $9.70 Per Person In Settlement Las Vegas Hilton Officially Changes Its Name BLOG POSTS Carol Roth: Occupy Wall Street Needs a Wall Street Education Occupy sympathizers believe that Wall Street is made up of individuals born with a silver spoon in their mouth. Well, my experience is a bit different. In fact, I occupied Wall Street more than 16 years ago -- by joining it. Matthew Bishop: The Year of Controversial Giving What does 2012 have in store for giving, especially the impact-driven approach to it we call "philanthrocapitalism"? Having peered into our philanthrocrystal ball, we see giving becoming more dangerous, more controversial, and more political, among other things, as philanthrocapitalists find themselves at the center of some of the year's biggest news stories. Here are our 10 predictions for the coming year. Richard Seireeni: Why Won't GOP Candidates Talk About China? The U.S. has a chronic addiction to imports, but nothing comes close to our trade imbalance with China. Compared to what we trade with OPEC, Korea, Japan or the EU, this is unfair trade on steroids. David Macaray: 10 Reasons Why Organized Labor Will Win There's no denying the congressional Democrats and President Obama have been major disappointments, and there's no denying that the forces arrayed against America's unions have done considerable damage. Dave Johnson: Republicans Have Shut Down the NLRB. The President Must Act! The National Labor Relations Board is effectively shut down, unable to do its job. This is a "nullification" by Republicans of laws that protect workers and companies, in exchange for campaign help from the 1%.

MOST POPULAR ON HUFFINGTONPOST.COM Small Claims Suit Could Cost Honda $2 Billion JPMorgan Chase Sued Over Allegedly Misrepresenting Mortgage Loans Fed To Shift Communication Strategy In Bid To Assure Public ON FACEBOOK JPMorgan Chase Sued Over Allegedly Misrepresenting Mortgage Loans Fashion and Tech and Startups, Oh My! Small Claims Suit Could Cost Honda $2 Billion

If you believe this has been sent to you in error, please safely unsubscribe.