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Back to Home » October 2011 News » Chance of Greek Debt Default High, Say Milken Institute Researchers |
Chance of Greek Debt Default High, Say Milken Institute Researchers |
October 18, 2011
LOS ANGELES, CA--(Marketwire - Oct 17, 2011) - In a research paper released today, "Greece's Unpleasant Arithmetic: Containing the Threat to the Global Economy," Milken Institute economists Jim Barth, Cindy Li, and Penny Prabhavivadhana explore how a country that accounts for less than one fifth of one percent of the world population, and less than half of one percent of global GDP, has the potential to trigger a global recession. Despite its tiny size, Greece is edging ever closer to severely disrupting global financial and economic markets, unless decisive corrective action is taken.
Source URL: http://www.marketwire.com/mw/release.do?id=1574188&sourceType=3
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