The reverberations of the Greek developments are worldwide. Stock markets everywhere have the jitters, but there is also support for Greece. Nobel Prize winners Joseph Stiglitz and Paul Krugman, rallied to Greece's defense. Communist parties in Europe and left governments in Latin America did as well.

The reverberations of the Greek developments are worldwide. Stock markets everywhere have the jitters, but there is also support for Greece. Nobel Prize winners Joseph Stiglitz and Paul Krugman, rallied to Greece's defense. Communist parties in Europe and left governments in Latin America did as well.

Greece on the brink as default passes » peoplesworld

This does not mean Greece is bankrupt yet but it appears to cut off the possibility of borrowing more money in the immediate future. The IMF action came after the troika of the IMF, the European Central Bank and the European Commission...

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