A debt crisis, and short memories too

Mark Matassa • Feb 6, 2018

Feb 6, 2018

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                <h1>A debt crisis, and short memories too</h1>
                <h2><p>European leaders really, really mean it this time. They agreed on Tuesday to give Greece until Sunday to come up with a plan to save its economy. They really mean it, reports The New York Times. But the Times also has an interesting analysis by economic columnist Eduardo Porter who</p></h2>
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               <p>By <a href="/author/mmatassa-mac-com/">Mark Matassa</a></p> 
              <p><time datetime="2025-02-04T05:00:00-08:00">Feb 6, 2018</time></p>
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            <p>European leaders really, really mean it this time. They agreed on Tuesday to <a href="http://www.nytimes.com/2015/07/08/business/international/greece-debt-eurozone-meeting.html?hp=&action=click&pgtype=Homepage&module=first-column-region&region=top-news&WT.nav=top-news&ref=avalancheghost.one">give Greece until Sunday</a> to come up with a plan to save its economy. They really mean it, reports <em>The New York Times</em>. But the <em>Times</em> also has an interesting analysis by economic columnist Eduardo Porter who reminds the reader that Germany, the tough-guy creditor in this mess, was the beneficiary of <a href="http://www.nytimes.com/2015/07/08/business/economy/germanys-debt-history-echoed-in-greece.html?hp=&action=click&pgtype=Homepage&module=first-column-region&region=top-news&WT.nav=top-news&_r=0&ref=avalancheghost.one">an even bigger bailout</a> after World War II. If all this debt and credit stuff is hard to understand, Bloomberg Business has a helpful video tutorial on the euro zone below.</p><figure class="kg-card kg-embed-card"><iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="https://www.youtube.com/embed/C8xAXJx9WJ8" width="560"></iframe></figure>
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European leaders really, really mean it this time. They agreed on Tuesday to give Greece until Sunday to come up with a plan to save its economy. They really mean it, reports The New York Times. But the Times also has an interesting analysis by economic columnist Eduardo Porter who reminds the reader that Germany, the tough-guy creditor in this mess, was the beneficiary of an even bigger bailout after World War II. If all this debt and credit stuff is hard to understand, Bloomberg Business has a helpful video tutorial on the euro zone below.