We fell short of our Fall Fundraiser goal of 2,500 donations. Help us catch up ⏩ Give Now
Greeks in crisis

In Greek negotiations, solvency may not be the goal

David Brancaccio Jun 25, 2015
HTML EMBED:
COPY
Greeks in crisis

In Greek negotiations, solvency may not be the goal

David Brancaccio Jun 25, 2015
HTML EMBED:
COPY

With time running out to keep Greece solvent, deadlines have come and gone with no resolution yet.

Now, the EU is talking of handing Greece a kind of take-it-or-leave-it last proposal. But Nicholas Spiro, managing director of Spiro Sovereign Risk, a consultancy that focuses on the risks countries face based on whether or not they can pay their debt, says resolution may not be the point.

“There is an inescapable feeling right now that is what is being demanded of Greece is not only politically and economically undoable, but that the creditors know this,” says Spiro. “One has to really wonder if the deal that is being put to Greece is, in fact, an attempt to undermine the government.”

Click the media player above to hear more.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.