Anthony Randazzo on Greece’s Looming Debt Default

February 22, 2012

As details have emerged on the agreement reached between European authorities, private creditors, and the Greek government in order to provide enough money so that Greece pays a March debt bill, it is increasingly clear that this deal will not be enough. As Reason Foundation Director of Economic Research Anthony Randazzo explains, this new European bailout will only delay the inevitable—Greece is going to default on its debt.

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