euro zone

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  Greece’s Budget Shortfall Now Totals 20 Billion Euros, Nearly Double Estimate

  25 Sep 2012 by Jasmine Stone / No Comments

  Well, this isn’t good news for Greece, especially as they have to reduce that budget deficit before they can get the next tranche of cash that has been promised to them.

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  Europe Is Working On Emergency Plans For Greek Euro Exit

  18 May 2012 by Jasmine Stone / No Comments

  European officials have secretly been working on a plan for the worst-case scenario that at this point, seems possible: a Greek exit from the Euro. German chancellor, Angela Merkel, said earlier this week that she didn’t want Greece to leave. But with fresh Greek elections set for mid-June, elections that have already been dubbed as a major showdown between Greece and the rest of Europe, anything could happen.

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