What happens if Greece can’t pay its debts?
by Phillip Inman from Economics | The Guardian on (#7T4S)
The standoff between a leftwing government and the financial powers of the EU is near to breaking point. What if the worst happens?
This time it's real: Greece has wriggled out of looming national bankruptcy on numerous occasions over the past five years, but now it has just a few weeks left before it must sign a new debt deal with its eurozone partners and the IMF - or find itself heading for an exit door that leads back to the drachma.
Related: Greeks' view of the debt crisis: 'What lies ahead is great, great hardship'
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