‘Greece is bankrupt. Full stop. Game over’
Aug 23, 2012
It’s ‘crunch time’ for Greece right now – the German leader and French president are working out whether to grant Athens the ‘breathing space’ it says it needs to sort its finances out.
The country’s been relying on international loans for over two years, but is struggling to meet its bailout conditions.
Meanwhile, Chancellor Merkel’s allies in Berlin say ‘a Greek exit wouldn’t have a ‘great impact’ on the Eurozone’.
Investment advisor Patrick Young says, whether on not Greece is provided with more time, there’s no chance it’ll manage to get its economy back on track within the Eurozone.