Is the Euro a failure?
Time is ticking for Greece! The country announced Tuesday that it would not be making its deadline on a debt payment to the International Monetary Fund. Keep in mind, Greece was expected to pay the IMF €1.6 billion in order to continue its current bailout program. But without the funds, Greece instead decided to look for a new one. Ameera David weighs in.
Then, Erin Ade sits down with Paul Brodsky, founder of Macro Allocation. Paul tells us how the world would react to Greece creating a new national currency and gives us his take on whether the drachma could boost Greek exports.
After the break, Bianca Facchinei takes a look at the postponed Iran talks. If sanctions are lifted, Iran could benefit from the tens of billions of dollars in sanctions relief and potentially impact the state of the oil market.
Afterwards, Erin is joined by Cate Long, partner at Puerto Rico Clearinghouse. Cate tells us if she saw Puerto Rico’s debt crisis coming and gives us her take on their best options for their government to take.
And in The Big Deal, Ameera and Edward Harrison continue the discussion on Greece and what’s to blame for its economic crisis. Edward says we should blame the Euro because it is a failure. European citizens were never told they could not have economic integration, national sovereignty and democracy at the same time, but that’s what the Euro has meant.
Check us out on Facebook:
Follow us @