Breaking News:

Greek Debt Crisis

Add to Favorites Subscribe Share
fbshare-Greek Debt Crisis

Showing results

110 of 19
Newswise: Closing the Rural Health Gap: Media Update from RWJF and Partners on Rural Health Disparities
  • Embargo expired:
    8-Nov-2017 8:55 AM EST
Released:
8-Nov-2017 8:55 AM EST

Law and Public Policy

UM-logo.png

Euro-Free Greece: Hyper-Inflation, Shrinking Real Wages and Demand, and Unemployment

University of Michigan

A Euro-free Greece looks more likely to be quickly engulfed by a vicious spiral of a rapidly depreciating new-drachma, hyper-inflation, shrinking real wages and demand, and unemployment; drachma depreciation and hyper-inflation would certainly benefit Greek debtors (in so far as the Greek government unilaterally converted its Euro liabilities in the new drachma at convenient terms): debasing the currency to wipe out debts is after all one of the oldest tricks in a government's sleeves.

Channels: Economics, Europe News, Local - Michigan,

Released:
7-Jul-2015 3:05 PM EDT
Expert Pitch

Showing results

110 of 19

Chat now!
0.46205