Tag «CONTAGION RISK»

CONTINUATION OF AUSTERITY MEASURES WILL PROLONG GREECE’S NATIONAL CRISIS FOR MORE THAN A DECADE AND POSES CONTAGION RISK FOR EUROZONE, NEW LEVY INSTITUTE REPORT SAYS

ANNANDALE-ON-HUDSON, N.Y.— Vowing to renegotiate the terms of Greece’s bailouts—including reversing many austerity measures, repealing labor market reforms, and restructuring a portion of the country’s sovereign debt—the anti-austerity Syriza party continues to lead polls ahead of Greece’s election on January 25. The impending vote has spurred renewed discussion about Greece exiting the eurozone and is …