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Thursday, September 12, 2013

German Institute Says Greece Bankrupt

While Greek Prime Minister Antonis Samaras said austerity has helped put the country on the road to possible recovery and a return to the markets next year, the German Institute for Economic Research (DIW) said Greece’s debt is unsustainable despite $325 billion in two bailouts. "Greece is still insolvent," said Ferdinand Fichtner, head of the forecasting and economic policy ...

READ THE ORIGINAL POST AT www.greekherald.com