Greece, threatening to default on its debt, has never been closer to exiting the 28-state European Union (EU).
On Wednesday the struggling country paid €200 million in interest to the International Monetary Fund. However, it still has to find €750 million before a 12 May deadline.
Should Greece and the EU part ways?
We interviewed George Glynos, Director at ETM Analytics, who discusses the best solutions for this mess.
Scroll down to listen to the interview.
Greece’s debt is unsustainable. A default is almost a certainty.— George Glynos, Director at ETM Analytics
Greece is not getting free passage. The Greek economy has been through one of the most incredible austerity reforms ever. Greece has been through hell.— George Glynos, Director at ETM Analytics