With only days until Greece must make a critical loan repayment to the International Monetary Fund, Athens’ financial options are dwindling rapidly.On Monday, Eurozone leaders held yet another emergency summit to avoid Greek defaults to the IMF and the European Central Bank.The rhetoric was guardedly optimistic, but concrete progress was scant. The Eurozone honchos will meet again Thursday. Shutterstock We might also now see whether political options are still at hand, in the form of unexpected charity from German Chancellor Angela Merkel or rescue by Vladimir Putin, the Kremlin’s dark knight.Whatever the outcome for Greece, the crisis underscores the …read more
Source: American Enterprise Institute for Public Policy Research