The Grexit could easily be avoided, but negotiations look anything but certain
10th April 2015 By: Ranko Berich
Greek Debt Crisis – 10/04/15
Yet another deadline has been set for the Greek debt crisis, with this one being for the submission of the list of reforms Greece is willing to make in exchange for continued financing.
There is undoubtedly an equitable and economically sound basis for a deal between Greece and its creditors. Greece could offer to engage in comprehensive economic reforms, in exchange for a loosening of fiscal requirements. However, negotiations have been antagonistic and Greek demands for war reparations have been badly received.
Greece has some very large bills to pay and they need to settle up soon. Should the government run out of money before a deal is struck, a disorderly Greek exit from the euro remains a distinct possibility, putting markets on high alert.