Greece’s bailout “might collapse” and its debt crisis makes it “hard to...

|By:, SA News Editor

Greece’s bailout “might collapse” and its debt crisis makes it “hard to see” how the euro will survive in its current form, Charles Goodhart says. "[Apart] from having too large a deficit and too large a debt ratio, [the Greeks] are very uncompetitive, and if they actually cut back the deficit as fast as is being required, they’re just going to go into appalling deflation."