"Greece needs more than €60bn in new financial help over the next three years and faces decades under a daunting mountain of debt that will make it vulnerable to future crises, the International Monetary Fund has warned."In a new analysis that lays out Greece's economic dilemma in stark terms, the IMF on Thursday called for Europe to grant the country "comprehensive" debt relief, arguing for the doubling of the maturities on its debts from 20 to 40 years."
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Greg Canavan is editor and publisher of Sound Money, Sound Investments, a weekly financial report devoted to unearthing great value investments amid today's "money illusion" of fiat currency. Formerly editor of Australia's market-leading finance newsletter, Greg has been a regular guest on CNBC, ABC and BoardRoomRadio, as well as a contributor to publications as diverse as LewRockwell.com and the Sydney Morning Herald.
See the full archive of Greg Canavan.
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