Some passengers with wheelchairs are charged extra on every ride, according to a Justice Department lawsuit. Why Joe Biden and climate hawks are not responsible for soaring fossil-fuel costs. The accused murderer broke down during his testimony describing the fatal shooting of the first of three victims. The inflation rate has tripled since last year, putting gas, food, and stocks further out of reach.
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The popular New Hampshire governor was a key part of the formula for a Republican takeover of the Senate in Now it gets tougher for the GOP. Congress is tangled in interlocking bills and delayed crises. The other place the impact would be felt is in the bond markets.
The highest risk nations -- Spain, Italy, Portugal and Ireland -- are already seeing their borrowing costs increase. If Greece does repudiate its debt, investors will become even more skittish and demand more money to lend to these nations. That in turn could cause a public sector economic contagion much greater than if it had just hit the private sector.
Editor's note: After this post was published, Athens announced that efforts to form a coalition government collapsed and that new elections will be held in June. Constantine von Hoffman is a freelance writer and writing coach. Constantine von Hoffman. Please enter email address to continue.
The dual circulation period, "when both the Greek drachma and the euro had legal tender status," ended on Feb. Tsoukas said it's likely that Greece would eventually revert to the drachma if the euro is no longer its main currency. If the Greeks reverted to the drachma, the value of the Greek currency could drop considerably, with depreciation in the level of 40 percent against the dollar due to a large sell off of the currency, Valentin Marinov, head of Group-of currency research at Credit Agricole SA in London, told Bloomberg.
We'll notify you here with news about. Turn on desktop notifications for breaking stories about interest? Explore context. Explore the latest strategic trends, research and analysis. But what would actually happen if Greece falls out of the euro? Here are 7 steps that could take us from where we are now to a full Grexit. After that, opinion is split. License and Republishing. Written by. More on European Union View all.
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