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What will it take for the euro zone to cut Greece loose?
The latest Greek bailout request being debated at the European Ä’s headquarters in Brussels is yet another chapter in what must surely be the longest-playing national debt drama in modern history. Ironically, the country should never have been allowed to join the euro zone in the first place. Greece was granted membership in 2001 after presenting false data understating the true extent of its budget deficit. Three years later, the government finally admitted it had fudged its books to gain entry. But when Greece assumed the mantle of a euro zone member, financial markets overlooked the country’s overextended ... (full story)
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IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
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