Berenberg Bank
Economy
Debt Haircut is Part of Greece’s Problem
The restructuring of the Greek debt is not part of the solution but rather part of Greece’s problem, Holger Schmieding, German economist and the current Chief Economist at Berenberg Bank argues, criticizing the conclusion drawn by the International Monetary...
Economy
Greece Debt Reduction Deal Nears, but Second Needed
ATHENS – Just as Greece is seeking a second bailout to keep its economy from failing and defaulting on its loans under the weight of a staggering $460 billion debt - $41,818 for every man, woman and child in...