Demonstrators continue to protest in the streets of Athens today, amid violence and tear gas. Many Greeks are not happy with their government’s upcoming vote on austerity measures, which would mean higher taxes and many spending cuts. If Greece’s government does not pass the austerity measures, though, they would be at risk of not receiving a â?¬12 billion bail-out, and becoming the first eurozone country to default.
Dan Gross, columnist and economics editor for Yahoo! Finance, doesn’t believe Greece defaulting would be a terrible thing for the country. He speaks with us about his theory.
There is no paywall on the story you just read because a community of dedicated listeners and readers have contributed to keep the global news you rely on free and accessible for all. Will you join the 226 donors who have supported The World so far? From now until Dec. 31, your gift will help us unlock a $67,000 match. Donate today to double your impact!